This paper analyses how banks organize their lending activity in two surveys carried out in 2006 and in 2009. During this period, the use of rating and scoring methodologies became more widespread even among smaller banks. Larger banks used these techniques more frequently when pricing their...

Many alternative dispute resolution mechanisms operating outside the regular court system are active in the field of civil cases and in particular in that of dispute resolution over banking and financial issues: e.g. Conciliatore Bancario, Ombudsman, Consob’s Chamber of settlement and...

The legislative decree n. 231/2001 had a significant influence on corporate behaviour with regard to the prevention of economic crimes, to the self-analysis of risks and to the review of organizational processes. However, the ambiguity of some rules and the heterogeneity of case law have been a...

The sector of Italian real estate asset management companies has shown a high growth in the last decade. This study, through the analysis of a sample representative of more than 80% of the market, shows how this has not yet led to a level of maturity comparable to the rest of Italian asset...

In order to combat against the phenomenon of tax evasion, the Government has to make choices that imply a significant change of its traditional modus operandi with regard to firms with large debts and tax liabilities

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’...

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 logical path traced by court decisions confirms the principle that the return obligation arises only when the revocation court decision becomes final.Therefore a provisional enforcement, after the first instance ruling, is not conceivable

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...