The new Basel 3 regulation will radically modify the functioning of banks, their relationship with the market and their profitability. The banks’ response to new and more stringent criteria must go through a redefinition of activities, a pricing review and a revision of operational processes...

Thirty years after the tragic death of Giorgio Ambrosoli, liquidator of Banca Privata Italiana of Michele Sindona, occurred on 11 July 1979, we pay tribute to the memory of a just and free man, an example of civil courage and commitment.

The liquidity risk is one of the drivers of uncertainty in the banking activities. It could worsen the impact of shocks caused by market instability or temporary lack of customers’ confidence with possible serious consequences on the stability of financial intermediaries, as shown by the...

We perform an empirical analysis to identify the main factors driving the liquidity of corporate and government bonds both in ordinary times and in times of market turmoil. Our findings highlight the importance of credit ratings, amount issued and bond duration as factors affecting bond...