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N° 7/8 July/August 2016

N° 7/8 July/August 2016

A more democratic, less bureaucratic Europe is strongly needed Antonio Patuelli G21, G28 Italian banks have undergone a large change in recent years, pressed by the European regulation and by market competition spirit, facing the crisis only wi...

The challenges for Italian banks: Npls management, efficiency, digital opportunities Ignazio Visco G21, G28 The result of the UK referendum is affecting the euro area at a difficult time. The economic recovery has begun but is fragile. Faced with the risk that, i...

The Italian banking industry, reforms and markets: a long-term view Pier Carlo Padoan G21, G28, G38, O1 Within a banking sector which shows solid economic fundamentals, especially if compared with those of other countries, there are few critical elements.

Measuring credit risk in the Italian Construction sector Gianluca Mattarocci, Laura Maccari G24, R31 The Italian construction sector is characterized by a high exposure to the default risk and the last real estate crisis showed the usefulness of new and mo...

Banking supervision in Italy: an historical overview Alberto Giannini, Giuseppe Gibilaro G21, G28, N23, N24 The evolution of banking supervision in Italy, from the introduction of controls at the end of the nineteenth century until the recent establishment of the...

The tax treatment of foreign dividends in Italy Enzo Mignarri H20, H25, H27 A recent Italian Decree has introduced significant changes to the tax treatment of foreign-source dividends, with particular regard to companies resident i...

Bank Boards, the responsibility of the directors: managing and not Michele S. Desario G21, G28, G34 Recent decisions of the Italian Supreme Court confirm that bank non-managing directors are not obliged to assume a full inquiry, but they have to ask for m...

Anti-money laundering procedures in Italy: the Gianos system Alfredo Pallini G21, G28 The Gianos procedure, used by more than 90% of Italian banks, is a qualified market standard in the prevention of risks associated to money laundering and ...

Reverse mortgage in the Italian market: a new start? Andrea Baldini, Marco Causi G21, G28 The reverse mortgage, which allows homeowners older than 60 to convert part of the equity in their homes into cash retaining home ownership, is a well-esta...

Open-end mutual funds listing: the perspectives for the Italian market Fabrizio Crespi, Danilo Valerio Mascia G10, G11, G18, G23 The listing of open-end mutual funds in Italy started in December 2014. This novelty should encourage, at least theoretically, the access of retail investo...