It is desirable to limit the negative effects of the originate to distribute model on the efficiency of risk management, considering also its positive aspects. The recent EU initiatives aim to refocus banking activities to practices more attentive to the needs of the production system and to the...

The last two years have stressed how special and important banks are. When the financial system fails, the whole economic system is affected. The financial sector has undergone an unprecedented wave of innovation, change, consolidation and now crisis. We now have a better understanding of the...

A tribute to the work and thought of Tancredi Bianchi, whose teaching is distinguished by depth of analysis, communication skills, real contact with the world of finance and business. The editorial initiative of Bancaria Editrice, edited by Mario Comana and Marina Brogi, collects in three...

The ABI choices on Compliance Tests have led to the drafting of the White Paper on Compliance Function and to the need to explore some topic issues. After identifying the categories of checks carried out by the Compliance Function and the main stages of Compliance Risk Management, the analysis...

Many kinds of bad banks have already been launched in several countries following the financial crisis, producing successful results, reducing asymmetric information and market failures related to adverse selection and moral hazard. On the basis of the characteristics of these experiences, it is...

The aim of the paper is to assess the efficiency of public aid in form of a guarantee, given the Ec State aid law. A State aid element valuation method for guarantee schemes, which highlights the effect of State aid on credit risk mitigation and takes into account the criteria for Ec...

The discipline of Operational Risk requires information about loss events that have occurred in our own company and in other entities. This has thus led to the creation of various international interbank consortia for operational risk loss data collection and the exchange of information between...

Basel 2 has dominant role in redefining financial markets regulation after the crisis, for which it provides relevant proposals: new rules for banks’ capital composition, measures to mitigate pro-cyclicality, the introduction of limits in the leverage ratio, measures to reduce systemic risk....

The crisis has shown the need to strengthen supervision on systemic risk and on large complex financial institutions. The de Larosière Report and Eu Commission indications allow to strengthen the architecture of financial regulation and to accelerate convergence. Some important aspects,...

In late 2009, the Basel Committee has published two consultative documents to strengthen financial stability after the crisis.They revise significant aspects of Basel 2.The main objectives of the reform are: to raise the quality of regulatory capital, increasing its capacity to absorb losses; to...