The conclusions of the Vickers Report, broadly accepted by the Uk government, put the country on the forefront of the reform movement affecting banking supervision. The traditional British light regulatory touch, this time, has given way to a decisive crackdown, mainly due to the effects of the...

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...

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...

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...

Under-capitalization of Italian small and medium entreprises is a key weakness factor and a clear priority. New financial instruments and policies can give a substantial help

The establishment of the Consumer Financial Protection Bureau is part of the Us financial system reform project and has been strongly supported by the Obama administration to streamline the existing rules and to realize consumer financial education and protection after the crisis. It testifies,...

The recent debate on the markets turmoil has been focused also on the responsibilities of regulatory framework and the limited effectiveness of supervision to monitor events with systemic implications. A deep revision of rules and supervisory approaches is necessary, both in the United States...

How the principle of proportionality can be applied to the new bank’s Internal control system? Applying the Drsa methodology of classification to a significant Italian banks sample, the research proposes three different banks’ segments. Each segment is defined according to the size of the...

The financial crisis has highlighted, among other things, the limits of risk management and the need to identify better solutions. An effective risk management system cannot only depend on a severe internal governance scheme, ignoring other entities potentially involved, such as public...