The management control system should be considered as part of the internal control system adopted in banks. It should be governed according to an integrated approach, taking into account its relations with other control functions, and should be evaluated by the bodies who have to ensure the...

The credibility of prudential metrics as proxies for risk, i.e. the backbone of the Basel capital framework, is often called into question. From a regulatory side, ongoing works aim at strengthening the risk-sensitivity of capital requirements but, at the same time, banks’ autonomy is often...

The major Italian banking groups have adopted over the past 5 years the figure of the Chief Risk Officer, with an Area that includes the functions of Risk Management and Compliance. The solutions adopted meet the requirements set out in the regulation for the prudential supervision of banks: the...

The Social Disclosure (Sd), in general, expressed through corporate social reporting can sometimes be reflected only in a series of fulfillment. In this perspective, the research aims to verify, with reference to Cooperative Credit Banks (Bcc) in Italy, if the intensity of Sd is actually...

The cooperative credit system in Europe has been affected to a lesser extent by the crisis than other banks: cooperative banks have maintained a good quality of loans and a low pro-cyclicality of credit supply. The paper aims to investigate, in the years 2007-2009, the influence of some features...

The model 2013 IASB appears logically weak, exposed to a high degree of discretion in its implementation, potentially unsuitable to meet the requests of the G20.A possible alternative model could consist in increasing the levels of provisions on performing loans, forcing companies to set aside...

The paper examines the basic rationale and features of the proposals adopted to separate specific investment and commercial banking activities (Volcker rule, Vickers and Liikanen proposals). In particular, it focuses on the likely implications of such initiatives for: financial stability and...

Financial regulation is required to find a remedy to the many mistakes made, and to prevent the possibility of a new crisis in the future. In this context small adjustments are not sufficient, but it is necessary to define new rules based on different principles, including: the need to extend...

To overcome the crisis in a «real» and virtuous way, the preference should be accorded to measures to revive demand, increase the supply of goods and services provided by public administrations and keep markets open and competitive. The financial way to overcome the crisis is usually...