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 Great Depression and the present crisis are united by the need for large banks, to address issues of liquidity, profitability and capital adequacy and radically change their business model. Two collections of Comit internal documents of the Thirties offer interesting teachings: the...