Which are the functions of a compensation system? How it can be used by a company or a bank as an instrument of human resources management? Which are the relations between remuneration systems and bank performances? Only the answer to these questions can help to redefine and project the...

The recent case-law decision from the Supreme Court on overdrafts fees and the usury law will involve the amendment of the decree that establishes the limit beyond which the interests are considered usurious, and that excludes the overdraft fee from the calculation of this limit.

Analyzing corporate fundamentals in the internal rating process (both at industrial and competitive level), leveraging on public information, is an important issue. The aim is to facilitate the counterpart’s forwardlooking assessment, beyond a stringent cyclical point-in-time valuation, with a...

The recent international financial crisis has clearly outlined the need to integrate liquidity risk measurement with stress tests.The introduction of these practices is an important tool for liquidity risk management, for the correct determination of the liquidity buffer, for the development of...

The proper functioning of the board of directors plays a crucial role for the management of listed banks: a system of checks and balances can help to reduce the risk of uncontrolled growth. The board performance self-evaluation can improve corporate governance, as confirmed by the...

The introduction of Ias/Ifrs caused a deep innovation in banks’ data flow and is also inspiring the accounting standard setters in sketching new and more complex interpretation methods. The profitability analysis demands a more accurate and detailed approach necessary to manage complex and...

The introduction in banks of a new anti-money laundering body implies a revision of the controls’ system by intermediaries. Like the compliance function, this body has a multifunctional vocation and requires strong organizational skills. The controls’ system must have a polycentric...

The study of the evolution of mutual guarantee societies in Argentina highlights that some operative solutions adopted by such companies can be suitable also in the Italian frame. Particularly, it is interesting the role that mutual guarantee societies had within last years in stimulating the...

Otc derivatives Counterparty risk has assumed a fundamental role within the risks assumed by Sifis, Sistemically Important Financial Institutions. Different Counterparty risk management procedures have been introduced by regulatory provisions and market best practices. Moreover, the European...

Tranched cover structures in Smes financing represent an effective way to evaluate collateral real assets, and in particular those provided by the Credit guarantee consortia monetary fund.They are also able to reduce banks’ capital requirements, producing positive effects on the cost of credit...