The discipline of Operational Risk requires information about loss events that have occurred in our own company and in other entities. This has thus led to the creation of various international interbank consortia for operational risk loss data collection and the exchange of information between...

In order to bounce back to high levels of profitability banks should consider «cost culture» as a strategic element in their operating model.The best players will be able to intervene progressively, defining a new comprehensive, lean and efficient governance cost model, leading to strategic...

This paper examines the characteristics and the critical aspects of the Italian Asset management industry. It reports the results of interviews conducted with 21 mutual fund managers working in 10 of the most important Italian asset management companies.The focus is mainly on the relationship...

The financial crisis focused investors interest towards a sustainable ethical finance. Greater attention to environmental protection led to the spread of a new kind of finance, or ecological finance, with the development of some specific categories of ethical funds based on an environmental and...

The entrepreneur is an innovator devising, creating, destroying and starting again a business. In a deep changed world, the development of a firm is influenced by the relationship with the financial market and the banks that also in the next years will have a significant role in the financing...

Previous researches have demonstrated that consumer decisions could be affected by some biases in the supplementary pension field. Decisionmaking is very often not guided by rationality, and in many cases, if forced to choose, people will decide not to decide, passively accepting the decisions...

Despite the decline during the crisis, Italian households savings rate is in line with major European countries and higher than Us and Uk. Conservative portfolios allowed, during the crisis, to contain volatility and to protect wealth, but they are not an optimal choice for recovery. It is...

The radical change, induced by the crisis, which is affecting the distribution has produced a greater supply of products and services to customers, stressing the importance of factors such as the growth in services revenues and the need to cut costs. In the new context, the supply of products...

Through a research based on a sample of 52 Italian hedge funds in the 2006-2010 period, the role of managerial incentives and discretion in hedge fund performances is analyzed. The study’s results contradict those achieved by Agarwal, Daniel and Naik in 2009, by demonstrating that in Italy the...

Recent researches on Real Estate Funds Financial Assets analyze the distinctive features and structure of Italian Reits outlining the role of shareholdings, debt and Oicr assets