Management of financial institutions

The Management of Financial Institutions research area examines the strategic, management, organizational and operational models of banks and other financial intermediaries. In particular the following topics are covered: strategies, capital management and performance of the banks, the digitization of banking processes and products, the supervision of the banks, depositor protection schemes, banks’ crisis, the impact of MiFid 2 on banks and networks, and the efficiency and economies of scale of financial intermediaries such as insurance companies.
Giuliana Borello
Temporary Assistant Professor
Roberto Bottiglia
Full Professor
Emanuele Maria Carluccio
Full Professor
Giuseppina Chesini
Associate Professor
Lorenzo Faccincani
Associate Professor
Flavio Pichler
Associate Professor
Skills
Topic People Description
Management of financial institutions standard compliant  Scimago
Banks’ crisis Roberto Bottiglia
Analysis of bank crisis: causes and procedures for resolution. BRRD Directive: implementation in Italy and others European countries.
Digitalization of bank processes and products Giuseppina Chesini
Study of how banks and financial institutions are facing the new challenges coming from the digitalization of processes and products. Case studies. Analysis of the competitors “FinTech”. Investigation on the possible disadvantages of technological advances on the stability of the banking system. Analysis of these changes in terms of profitability and financial stability.
Efficiency and economies of scale in financial institutions Giuliana Borello
Analysis of the efficiency of financial intermediaries through the Stochastic Frontier Approach (SFA). Examination of the determinants of economies of scale identifying relationships with business models and risk-taking features by financial intermediaries.
Capital management in banks Roberto Bottiglia
Lorenzo Faccincani
Analysis of the role of capital in the production process of banks. Examination of the existing relationship between capitalization, risk taking capacity and bank profitability. The role of capital in the operational framework of Basel Accords.
Bank management, performance and supervision Flavio Pichler
Analysis of banking supervision, focusing on prudential regulation and its development from Basel II to Basel III framework. Analysis of the rules set on capital requirements and own funds with specific attention on credit risk. Credit quality, loan-loss provisioning and systematic risk of banks. Non-performing loans: management techniques of nonperforming loans and evolution of regulation.
Insurance management, regulation and supervision Flavio Pichler
Study of the peculiarities of insurance companies and of their risks. Development of regulation and supervision of the insurance sector. Solvency II: the three pillars structure (capital requirements, governance and supervision – ORSA, market discipline and disclosure): determinants of MCR and SCR, evaluation of the governance of insurance companies and own risk and solvency assessment, analysis of the information disclosure towards the public and the supervisory authority. Market consistent valuation of assets and liabilities.
Depositor protection schemes Giuseppina Chesini
Analysis of the Banking Union in Europe. Study of the third pillar concerning depositors’ protection schemes. Analysis of the different schemes in Europe and comparison with the American scheme. Analysis of the European directive and study of the degree of its adoption in Europe. Analysis of the impact of the changes in depositor guarantee schemes on “depositor discipline”.
The impact of MiFID2 on banks and networks Emanuele Maria Carluccio
The impact on the economics of banks and networks of financial advisors/tied agents coming from MiFID2 and, in particular, by the regulation on risk assessment models, on cost transparency, on product governance and on different models of advice on investments (independent versus non-independent).
Banks’ strategy and performance Roberto Bottiglia
Lorenzo Faccincani
Analysis and evaluation of the banks’ strategy and performance.
Gruppi di ricerca
Name Description URL
Gli schemi di garanzia dei depositanti L'obiettivo del gruppo di ricerca è studiare se le banche australiane si sono assunte più rischi (moral hazard) in presenza di un sistema di assicurazione dei depositi.
I covered bonds in Europa Il gruppo di ricerca intende evidenziare quali paesi potrebbero essere i più penalizzati dal rispetto della nuova direttiva. Oltre a questa analisi preliminare, il gruppo mira ad esplorare il diverso utilizzo di questi strumenti finanziari da parte delle banche e la possibilità per gli investitori e le banche di trarre vantaggio dalla nuova regolamentazione.
La Banca Centrale Europea (BCE) e l’integrazione dei mercati finanziari Il gruppo di ricerca mira a dimostrare la rilevanza del ruolo della BCE nella integrazione dei mercati finanziari in Europa.
Le reti di impresa e il loro finanziamento Il gruppo di ricerca mira ad individuare se le aziende in rete hanno ottenuto migliori condizioni di finanziamento da parte dei mercati o degli intermediari.
Le scelte delle imprese riguardanti i dividendi Il gruppo di ricerca intende analizzare le diverse teorie che sono ritenute rilevanti per spiegare come le aziende definiscono la propria politica dei dividendi.
L’innovazione Fintech e i processi di digitalizzazione in banca Il gruppo di ricerca si propone di indentificare, attraverso una rigorosa metodologia scientifica, le strategie di maggior successo e i nuovi processi di intermediazione.
Valutazione delle banche e degli altri intermediari finanziari Il gruppo di ricerca, composto da docenti universitari e professionisti del settore, si propone di legare i profili valutativi alla disciplina della vigilanza prudenziale, in senso lato, alle peculiarità della pianificazione economica e finanziaria degli intermediari, alla gestione dei rischi e ai sistemi di controllo interno, nonché individuare approcci valutativi metodologicamente idonei e concretamente applicabili.

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