The Solvency 2 Directive, which will come into force on January 1st 2016, represents an opportunity to not only improve insurers’ operations, but also to develop significant competitive advantage in a challenging market. The new regulation will have very significant effects on all business...

The Solvency 2 Directive, which will come into force on January 1st 2016, represents an opportunity to not only improve insurers’ operations, but also to develop significant competitive advantage in a challenging market. The new regulation will have very significant effects on all business...

This research focuses on the advancement of the Compliance function within banks, investment and insurance companies and on the effect of applying Community regulations as called for by the MiFID Directive. Eighty four financial intermediaries: banks, investment companies and insurance companies...

Differently respect to US and main EU regulation, New Basel accord for Italian banks do not allow to use advanced methodologies for the capital requirement related to operational risk. These banks could only use the standard approach and cannot benefit from the lower capital constraints...

Purpose: The purpose of this paper is to highlight opportunities for the banking sector arising from the population’s aging and the expected reduction in pension incomes. Home equity conversion (HEC) instruments are a potentially useful way of restoring households’ finances and satisfying...