The implementation of Solvency 2 Directive, which will come into force in 2016, in the insurance industry does not seem to lead to a radical change in the innovation product process. On the contrary it will produce more relevant consequences in the internal processes of the companies, in...

The Solvency 2 Directive, which will come into force on January 1st 2016, represents an opportunity to not only improve insurers’ operations, but also to develop significant competitive advantage in a challenging market. The new regulation will have very significant effects on all business...

Foreign insurance policies with financial content, instruments very popular among financial operators, have several tax issues to be defined in the Italian framework. In particular, the questions concerning the taxation of foreign policies located in a European member State and the supply of...

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 Solvency 2 Directive, which will come into force on January 1st 2016, represents an opportunity to not only improve insurers’ operations, but also to develop significant competitive advantage in a challenging market. The new regulation will have very significant effects on all business...

This research investigates disclosure practices of European insurers over the 2006-2010 time horizon. First, it constructs a disclosure index based on the information companies provide in their annual reports. Then, it estimates the relationship between the extent of disclosure and some...

The development of a long lasting relationship between banks and firms requires greater cooperation between the two parties, which must be based on transparency, availability of the right quantitative and qualitative information, the correct and complete use of these information by banks, in...

Establishing a European Banking Union offers clear opportunities: to break bank-fiscal interactions, national supervisory silos and home biases, to reduce fragmentation and improve single market, to stabilize the euro. Nonetheless it involves also risks related to the crisis management...

The proposal for a Directive and the related impact study presented by Ec in 2012 have the purpose to reorganize the financial systems crisis regulation, with particular emphasis on bank recovery and resolution. The new harmonized rules identify three groups of measures relating to prevention,...

Ucits IV Directive will lead to the redefinition of business models in the field of asset management: the process centralization, the increasing use of outsourcing, the ongoing internationalization, the adoption of transnational strategies, able to combine services platforms with local higher...