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...

The establishment of the Consumer Financial Protection Bureau is part of the Us financial system reform project and has been strongly supported by the Obama administration to streamline the existing rules and to realize consumer financial education and protection after the crisis. It testifies,...

Many indicators have been developed at international level to evaluate the quality of corporate governance. In this paper, the fundamental elements and limitations of existing indicators are discussed. Among these indicators, particular attention has been focused on the Gim Index, an index...

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’...

From the ongoing debate on the need to amend remuneration policies, two trends are emerging: one ethical, the other that considers the issue of incentives as a management tool that can influence operational efficiency. First of all, it is necessary to discuss the conditions that may enhance the...

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...

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...

In the field of financial regulation, the approval of MiFid directive has been a relevant step in the management of conflict of interests. In the European context, the conflict of interest is an element of the exchange economy; the problem is to define, identify and manage pathological conflicts...

The conclusions of the Vickers Report, broadly accepted by the Uk government, put the country on the forefront of the reform movement affecting banking supervision. The traditional British light regulatory touch, this time, has given way to a decisive crackdown, mainly due to the effects of the...