We investigate the relationship between bank lending and catastrophe risk by analyzing the exposure of banks to Italian … firms located in areas at risk of flooding. By matching a new map of flood risk areas with proprietary data on bank loans at … negatively correlated with their flood risk exposure. A province-level analysis, which also allows us to control for bank- and …

linked to the transition towards a low carbon economy. Evidence acquired on Climate-Related Financial Risk (CRFR) disclosure … in Italy has confirmed the same conclusions. We have therefore identified three steps with the aim of encouraging … financial institutions to take CRFR into account in their corporate risk management strategies: 1) create a information hub to …

In this paper we describe the investment behavior of manufacturing firms in Italy between 1995 and 2013 and we … investment using information on firms' demand expectations, uncertainty, and credit constraints, based on the Bank of Italy …

risk by industry sector and geographic region. The proposed approach generalizes the portfolio model used in Pillar 1 for … the calculation of the capital requirement, removing the assumptions of the existence of one systematic risk factor and of … calculated using the supervisory formula can be interpreted as a measure of concentration risk. The Pykhtin model is consistent …

The unchecked build-up of imbalances during the 2000s exposed the euro area to the risk of sudden stops. Such risk … remains to be covered. In general, reforms have favoured risk reduction over risk sharing. As a result, in the face of …, banking union lacks common financial backstops. Only further risk (and sovereignty) sharing can avoid harmful pro …

This paper explores the relationship between regulatory complexity and systemic risk. Building upon the distinction … between measurable risk and uncertainty, it outlines the fundamentals of the main regulatory frameworks of the last two … risk), less complex rules could be given greater consideration. Rebalancing regulation towards simplicity may produce …

. Secondly a high indebtedness, with respect both to turnover and to risk capital, gives rise to a bigger impact of interest …

The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop … drop in participation in the South (the discouragement effect). The results of the Bank of Italy's Survey of Industrial and …

of interest. Secondly, we assess the governance of closed and open pension funds in Italy by analyzing their bylaws and …