Macchia, Gianluca; De Angelis, Emanuele; Vitagliano, Michele - In: Risk management magazine 18 (2023) 3, pp. 62-77
After a short review of the MiFID regulations and the RAF, the paper identifies the link between them which allows to mitigate a balance sheet risk sustained by the financial intermediary and, at the same time, to improve its stability and value creation, through a maximization of customer...