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Papers by Paola Ferretti
Operational Risk Management in Banks, 2017
IL LAVORO HA L'OBIETTIVO DI ANALIZZARE LO STATO DELL'ARTE DEI SISTEMI DI RATING IN ITALIA... more IL LAVORO HA L'OBIETTIVO DI ANALIZZARE LO STATO DELL'ARTE DEI SISTEMI DI RATING IN ITALIA, LE CARATTERISTICHE METODOLOGICHE E LE IMPLICAZIONI OPERATIV
Since the 90s, several factors (e.g., the growing size of the banks, the massive technological in... more Since the 90s, several factors (e.g., the growing size of the banks, the massive technological investments, the development of e-commerce and e-banking, the outsourcing of production processes) induced to revise operational risk management tools and to reflect on the introduction of specific regulatory requirements. Further attention towards operational risks was brought about by the awareness of the catastrophic nature that operational risk can lead to, in some cases even compromising the survival of the financial intermediary. In this chapter we focus on the specific features of the operational risk, as well as its origin and main sources. Particular attention is also given to the similarities and differences with other risks, namely credit, market, strategic, reputational and compliance risk .
Raising Capital or Improving Risk Management and Efficiency?, 2018
L’attività di vigilanza è riconducibile alla regolamentazione delle diverse parti che compongono ... more L’attività di vigilanza è riconducibile alla regolamentazione delle diverse parti che compongono il sistema finanziario (mercati, strumenti e intermediari) e all’esercizio del controllo sul rispetto delle relative prescrizioni di carattere normativo. Obiettivi specifici di questo capitolo sono: • l’analisi dei modelli teorici, degli obiettivi e degli strumenti che qualificano la vigilanza nel settore finanziario; • l’esame dei tratti essenziali che permettono di delineare l’architettura della nuova vigilanza a livello europeo; • l’individuazione dell’insieme di regole e di controlli che vengono esercitati all’interno del sistema bancario da parte delle Autorità di Vigilanza competenti, con particolare riferimento alla realtà italiana
This chapter aims at describing the evolution of the capital adequacy framework for banks at inte... more This chapter aims at describing the evolution of the capital adequacy framework for banks at international scale. As known, the main reasons for the introduction of Basel III link back to the crisis and the inability of banks to adequately deal with its consequences, mainly due to operational distortions that have gradually characterised the banking business in the last decades. In order to give response to the crisis, the current framework focuses on the provision of higher-quantity and better-quality own funds, the introduction of countercyclical buffers, the discipline of rules for managing liquidity risk and the containment of leverage.
New Perspectives on the Bank-Firm Relationship, 2016
One of the classic topics of economic debate is the array of valuable services offered by banks t... more One of the classic topics of economic debate is the array of valuable services offered by banks to their corporate costumers (e.g. financial support and consulting services) and the effects this has in consolidating the bank-firm partnership philosophy.
Operational Risk Management in Banks, 2017
IL LAVORO HA L'OBIETTIVO DI ANALIZZARE LO STATO DELL'ARTE DEI SISTEMI DI RATING IN ITALIA... more IL LAVORO HA L'OBIETTIVO DI ANALIZZARE LO STATO DELL'ARTE DEI SISTEMI DI RATING IN ITALIA, LE CARATTERISTICHE METODOLOGICHE E LE IMPLICAZIONI OPERATIV
Since the 90s, several factors (e.g., the growing size of the banks, the massive technological in... more Since the 90s, several factors (e.g., the growing size of the banks, the massive technological investments, the development of e-commerce and e-banking, the outsourcing of production processes) induced to revise operational risk management tools and to reflect on the introduction of specific regulatory requirements. Further attention towards operational risks was brought about by the awareness of the catastrophic nature that operational risk can lead to, in some cases even compromising the survival of the financial intermediary. In this chapter we focus on the specific features of the operational risk, as well as its origin and main sources. Particular attention is also given to the similarities and differences with other risks, namely credit, market, strategic, reputational and compliance risk .
Raising Capital or Improving Risk Management and Efficiency?, 2018
L’attività di vigilanza è riconducibile alla regolamentazione delle diverse parti che compongono ... more L’attività di vigilanza è riconducibile alla regolamentazione delle diverse parti che compongono il sistema finanziario (mercati, strumenti e intermediari) e all’esercizio del controllo sul rispetto delle relative prescrizioni di carattere normativo. Obiettivi specifici di questo capitolo sono: • l’analisi dei modelli teorici, degli obiettivi e degli strumenti che qualificano la vigilanza nel settore finanziario; • l’esame dei tratti essenziali che permettono di delineare l’architettura della nuova vigilanza a livello europeo; • l’individuazione dell’insieme di regole e di controlli che vengono esercitati all’interno del sistema bancario da parte delle Autorità di Vigilanza competenti, con particolare riferimento alla realtà italiana
This chapter aims at describing the evolution of the capital adequacy framework for banks at inte... more This chapter aims at describing the evolution of the capital adequacy framework for banks at international scale. As known, the main reasons for the introduction of Basel III link back to the crisis and the inability of banks to adequately deal with its consequences, mainly due to operational distortions that have gradually characterised the banking business in the last decades. In order to give response to the crisis, the current framework focuses on the provision of higher-quantity and better-quality own funds, the introduction of countercyclical buffers, the discipline of rules for managing liquidity risk and the containment of leverage.
New Perspectives on the Bank-Firm Relationship, 2016
One of the classic topics of economic debate is the array of valuable services offered by banks t... more One of the classic topics of economic debate is the array of valuable services offered by banks to their corporate costumers (e.g. financial support and consulting services) and the effects this has in consolidating the bank-firm partnership philosophy.