MiFid has fostered competition between stock exchanges and alternative trading systems by removing the option for Eu Member States to impose that equities must be traded only on regulated markets (so-called concentration rule). The success of alternative trading venues is mainly due to the...

The debate on the effects and risks of High Frequency Trading has not reached a definitive conclusion yet. In order to mitigate the negative effects, supervisory authorities have begun a policy instruments review, regarding stricter disclosure obligations for traders and microstructural...

The corporate governance of Italian listed companies showed significant changes in the last fifteen years under the impulse of self-regulation initiatives, legislative innovations and market discipline. The market pressure together with the increasing dissemination of selfregulation good...

The sciences of mind recognize that our decisions arise from the interaction between rational and emotional processes.This article explores some aspects of the emotional components acting in financial risk decision making process.The research has been conducted on a large stratified sample of...

A survey on the Italian wealth management industry outlines the opportunity to re-think a service model in which the size of wealth under management is integrated with new criteria to cluster customers, that also consider the client’s risk propensity, the time horizon and the need to diversify...

The wealth management industry should re-think its business in order to be more adaptable to the specific financial needs and behaviors of High Net Worth customers; moreover, a particular attention should be paid on programs to increase investors’ financial culture, education and consciousness