The gaming market has expanded rapidly in recent years. In its money transfer potential, the gaming industry is a sector bordering on finance. Licensed operators show a growing interest in payment institutions. Supervision must deal with the reliability, stability and efficiency of the gaming...

The financial crisis has dramatically demonstrated that the increasing role of cross-border financial intermediaries in the Eu has not been supported by adequate pan European supervision.The aim of the paper is to focus on the shortcomings of supervision in the Eu, and then to review the recent...

The role and legal status of independent authorities should be analyzed taking into account the principles of the Italian Constitution and European legislation, but also the lessons of the crisis which has highlighted the difficulties of supervisory activity

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...

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