The major Italian banking groups have adopted over the past 5 years the figure of the Chief Risk Officer, with an Area that includes the functions of Risk Management and Compliance. The solutions adopted meet the requirements set out in the regulation for the prudential supervision of banks: the...

The Social Disclosure (Sd), in general, expressed through corporate social reporting can sometimes be reflected only in a series of fulfillment. In this perspective, the research aims to verify, with reference to Cooperative Credit Banks (Bcc) in Italy, if the intensity of Sd is actually...

After the downgrading by Moody’s of the rating assigned to Italy, can credit guarantees Consortia continue to be risk mitigators tools? The UniCredit group experience has led to an internal rating specific to Mutual associations, which allows the bank to identify on an objective basis the...

The legislative changes introduced in the Italian pre-insolvency law for corporate crisis management provide the opportunity to reconsider the question related to the bank’s responsibility in the case of restructuring agreements’ execution

The sovereign debt crisis, which hit Italy hard, affected first banks’ liquidity and secondly the cost and volumes of funding and loans. Italian banks are now facing the effects of the double-dip recession, which has significantly weakened businesses and households, their key customer...

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 traditional commercial banking model - based on accepting deposits and bonds and originating loans – is no longer sustainable. A new intermediation model, based on a separate management of monetary liabilities, on short-term credit and on long-term loans securitization, can be outlined,...

The Solvency 2 Directive, which will come into force on January 1st 2016, represents an opportunity to not only improve insurers’ operations, but also to develop significant competitive advantage in a challenging market. The new regulation will have very significant effects on all business...

The proposal for a Fourth Anti-money laundering directive contains overly detailed measures which are justified by the complexity of the matter. However they could be excessively binding when implemented by national legislations, introducing further burdens on intermediaries

The reform of the third pillar of the Basel framework allows the market to have a broader and more detailed access to relevant information. However, the application of Pillar III in Italy is not completely in line with the objectives of harmonization and standardization of the information