During the crisis, the operators' confidence in securitization has significantly diminished and the market has registered a sharp slowdown. Among the regulatory initiatives proposed to support this market, retention can play an important role: it may not be sufficient to reduce the information...

The current financial crisis was not something unexpected, a «black swan», but rather an event caused by human action and inaction, and therefore predictable and avoidable. The analysis of the role of the financial system, regulation, business models and management systems leads to point out...

The new supervisory regulation on insurance companies (Solvency II) defines capital requirements in line with actual risks of the enterprise. The three pillars of Solvency II are aimed to develop a wider culture of risk and a higher logical consistency between actual risk and business decisions.

The Italian banking system has successfully faced the impact of financial crisis but will suffer the effects of the «real» crisis on firms’ solvency and, consequently, has to raise additional cash funds.The use of securitization is an effective alternative to facilitate the flow of funds to...

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...

Which are the functions of a compensation system? How it can be used by a company or a bank as an instrument of human resources management? Which are the relations between remuneration systems and bank performances? Only the answer to these questions can help to redefine and project the...

The financial crisis has shown significant shortcomings in the supervision and in the internal control systems of financial intermediaries, not adequate to ensure an efficient risk management. It is therefore essential for financial institutions to promote a consistent risk culture and...