Since Basel 1, Corporate Governance has acquired a mounting role in pursuing financial stability, while moving from internal controls and decision making functions to the domain of reputation risks, customer relations and protection of stakeholders. This role is central today in Basel 3...

Analyzing corporate fundamentals in the internal rating process (both at industrial and competitive level), leveraging on public information, is an important issue. The aim is to facilitate the counterpart’s forwardlooking assessment, beyond a stringent cyclical point-in-time valuation, with a...

Ratings are increasing their functions (origination of credit, control, determination of regulatory capital, supporting accounting valuations) in full harmony with the more general development of risk management. In parallel also increases the difficulty of rating to make compatible purposes...