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N° 7/8 July/August 2013

N° 7/8 July/August 2013

Italian banks and the road towards Banking Union Antonio Patuelli G21, G28 Over the past 20 years, Italian banks have promoted deep changes and deserve respect without preconceptions. Banking stability is a value and is based on p...

The role of banks in the difficult economic transition Ignazio Visco G21, G28 The Italian economy is still in a difficult transition.The banking system’s contribution is essential to overcome the crisis: Italian banks must pursue act...

A bridge towards recovery Fabrizio Saccomanni G01, H12, H50 Italy has a potential to reverse the negative cycle of the last years and to continue its action in budgetary reforms for recovery. Institutions, companies...

Investor protection and the new challenges of European regulation Vittorio Conti G01, G18 The commitment to strengthen retail investor protection and to raise the transparency of markets and financial products are strong objectives of recent Eu ...

Basel at a crossroads Francesco Cannata, Simone Casellina G21, G28 The credibility of prudential metrics as proxies for risk, i.e. the backbone of the Basel capital framework, is often called into question. From a regulato...

From Universal bank to a separation between commercial and investment banking.The European proposals Enrico Bernardi G21, G28 The European proposals to reform the banking sector, separating investment and commercial banking activities, are likely to negatively affect banks’ profit...

Disclosure: determinants and critical issues for European insurance industry Irma Malafronte, Maria Grazia Starita G14, G22 This research investigates disclosure practices of European insurers over the 2006-2010 time horizon. First, it constructs a disclosure index based on the ...

The risks of a heavier taxation for Italian savings Laura Zaccaria G28, H24 The introduction in Italy of the tax on financial transactions is a mean to impose a more substantial contribution to government finances. It is likely to ...

Framework for Minimum Capital Requirements for Operational Risk in comparison with Operational Risk Losses: analysis of Dipo data Dipo Technical Secretariat G21, G28 An analysis of Dipo (Italian Database for Operational Losses) data shows that the current regulatory requirements in terms of capital loss absorption capac...

The role of the Chief Risk Officer and the new regulation on Internal control systems Carlo Palego G21, G28 The major Italian banking groups have adopted over the past 5 years the figure of the Chief Risk Officer, with an Area that includes the functions of Risk ...