The Italian Criminal Code provisions on usury cannot be applied to banking transactions which are subject to a specific discipline. New regulation on the matter is therefore necessary

During the financial crisis, many banks experienced difficulties in managing their liquidity, showing the weakness of the traditional liquidity transfer price system which is not anymore adequate to measure liquidity costs, benefits and risks. The development of a more efficient mechanism will...

The paper aims to evaluate the quality of the corporate governance information published by Italian listed banks in the period 2010-2012. The results may interest banks, regulators and supervisors to highlight possible areas of improvement. It can also represent a starting point to define...

The ability of administrators to act with diligence is relevant for the quality of corporate governance for any company, but it is crucial for banks: it implies awareness of the complexity of the banking business and of the different interests involved and it requires expertise and competence,...

The financial crisis has highlighted the central role of corporate governance to enhance corporate stability. Besides and in view of the MiFid 2 directive definition, an important role should be also played by product governance as a key obligation of intermediaries, in order to protect...

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...

To estimate the probability of default of companies and the correlated rating classes, it is necessary to use efficiently the information contained in different databases. In this respect, we propose a novel approach, based on the recursive usage of Bayes theorem, that can be very helpful in...

The crisis has strongly influenced the funding policies in Italian banks, pushing them to raise their stock of time deposits, an attractive product for retail customers in terms of low issuer risk and no market risk

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,...