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...

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 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...