Using an instrument-based definition of shadow banking, we investigate the size and evolution over time of the shadow banking system. We investigate data on Asset Backed Commercial Paper and Securitized Real Estate Loan with an original approach. By means of several advanced and refined...

This book analyses the methodologies and functions of a systemic approach to risk governance and internal control capable of tackling the complexity of the insurance business. It focuses on the main trends currently impacting the insurance industry, characterized by new operators, new products...

Chapter 1. Introduction -- Chapter 2. Risks and control of insurance undertakings -- Chapter 3. A systemic approach to risk governance in the insurance sector -- Chapter 4. Risk governance in the second pillar of Solvency II -- Chapter 5. The evolving risk landscape: impact on internal control...

The paper analyzes Information Technology (IT) governance disclosure on a sample of the major 20 EU banks (from Italy, Germany, France and Spain) to observe if, how and where banks report on their IT governance issues. Since IT governance (like other aspects of banking business) can be...

State intervention to curb the global economic downturn triggered by the subprime crisis led to massive disbursements to support banks and the economy. Both the EU and the US adopted measures that diverted tremendous amounts of taxpayer money to sustain the banking system. EU states used...

Regulation may impact on financial risk taking by financial intermediaries by way of the decision-making process envisaged in the various possible legal structures set forth by the law. In Europe there are three different possible board structures: the one-tier board system, typical of the UK,...