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...

Supervisory fragmentation is a cause of systemic risk, as cooperation amongst national authorities is bound to fail in crisis events. The situation will be different under the Banking Union when the Single Supervisory Mechanism is in place even if it shows some weaknesses: the Ssm includes...

The current financial crisis has global and structural features and no one could be identified as the guilty. The business model causing the crises have no bearing with the Italian banks that in the last years are deeply involved in a developing strategy in traditional lending activities. These...

Worldwide financial, energetic and food crisis are empowering for the propitious geo-political context in which global and market cultures have failed. The speculation has a key role in the new crises and must be argue by Governments using new instruments. In Italy, the Government try to manage...

It is too early to evaluate the effects of political economy measures and to analyze deeply time and ways that characterize the current global crisis. Effect of the political economy actions are not immediate and could be evaluated only looking at expected conditions and perspectives. In fact...

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...

The crisis has strongly influenced the funding policies in Italian banks, pushing them to raise their stock of time deposits, an attractive product for retail customers in terms of low issuer risk and no market risk

In 2011, Italian businesses and households have faced the Sovereign debt crisis, but savings confirmed its resilience. Since the beginning of the crisis, Italian households’ propensity to save has fallen nearly 1.8 percentage points, although Italy continues to rank above most other...

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,...

The Banking Union aims to design a single banking supervision mechanism to prevent banking crises or, when a crisis occurs, to avoid it becomes systemic. The pillars of the Banking Union are: a single rulebook for financial institutions in the European market, the strengthening of deposit...