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...

This paper aims to analyze the relation between business models, quality of governance and performance achieved by banks during the period 2005-2008. Coherently with a substantial literature which has spent its effort on researching for the relation between quality of governance and banks’...

Basel 3 measures on capital, liquidity and leverage can be accompanied by structural re-regulation, like ring-fencing suggested by the Icb in the UK. But the growing consensus for separation rules goes along with a debate on concrete issues, also due to the strong links between business existing...

Since Basel 1, Corporate Governance has acquired a mounting role in pursuing financial stability, while moving from internal controls and decision making functions to the domain of reputation risks, customer relations and protection of stakeholders. This role is central today in Basel 3...

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 origin of financial risks is strictly related to bank management, as well as to the performance of financial markets and they have to be analyzed using an integrated approach based on both quantitative and business management instruments

Under recently enacted legislation, financial advisory services can be offered by different categories of entities that are in competition with each other. Financial advisory firms that offer only financial advice allow a clear identification of financial advisory profits and provide a...

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...

To assess the Basel 3 impact, a simple model relating capital ratios, profitability, assets growth and dividend ratios can be very useful. Showing the necessity of fostering Roas mainly through cost cutting policies

Italian banks can adopt various solutions to face the present structural problems: from a significant costs reduction to a rethinking of the business model, with relevant changes in the distribution capacity and in the relationship with households and businesses. In the process of change, an...