The proper functioning of the board of directors plays a crucial role for the management of listed banks: a system of checks and balances can help to reduce the risk of uncontrolled growth. The board performance self-evaluation can improve corporate governance, as confirmed by the...

Many alternative dispute resolution mechanisms operating outside the regular court system are active in the field of civil cases and in particular in that of dispute resolution over banking and financial issues: e.g. Conciliatore Bancario, Ombudsman, Consob’s Chamber of settlement and...

Since the beginning of the financial crisis, multinational banks have been accused of being among the major causes of the financial system’s destabilization. But the available empirical evidence on the relationship between international diversification, value creation and riskiness of...

The legislative decree n. 231/2001 had a significant influence on corporate behaviour with regard to the prevention of economic crimes, to the self-analysis of risks and to the review of organizational processes. However, the ambiguity of some rules and the heterogeneity of case law have been a...

The credibility of prudential metrics as proxies for risk, i.e. the backbone of the Basel capital framework, is often called into question. From a regulatory side, ongoing works aim at strengthening the risk-sensitivity of capital requirements but, at the same time, banks’ autonomy is often...

Supervisory fragmentation is a cause of systemic risk, as cooperation amongst national authorities is bound to fail in crisis events. The situation will be different under the Banking Union when the Single Supervisory Mechanism is in place even if it shows some weaknesses: the Ssm includes...

The major Italian banking groups have adopted over the past 5 years the figure of the Chief Risk Officer, with an Area that includes the functions of Risk Management and Compliance. The solutions adopted meet the requirements set out in the regulation for the prudential supervision of banks: the...

The Social Disclosure (Sd), in general, expressed through corporate social reporting can sometimes be reflected only in a series of fulfillment. In this perspective, the research aims to verify, with reference to Cooperative Credit Banks (Bcc) in Italy, if the intensity of Sd is actually...

After the downgrading by Moody’s of the rating assigned to Italy, can credit guarantees Consortia continue to be risk mitigators tools? The UniCredit group experience has led to an internal rating specific to Mutual associations, which allows the bank to identify on an objective basis the...

The legislative changes introduced in the Italian pre-insolvency law for corporate crisis management provide the opportunity to reconsider the question related to the bank’s responsibility in the case of restructuring agreements’ execution