Financial markets

People with expertise in this area
Research interests

Emanuele Maria Carluccio: Full Professor

Giuseppina Chesini: Associate Professor

Research interests
Topic	People	Description
Knowledge and skills of the personnel involved in the investment advisory service	Emanuele Maria Carluccio	Study of different ways through which ESMA guidelines on knowledge and competences have been adopted by different European countries in a very different way, which have led to highlighting a "non-leveled playing field”, with a complete difference impact on the economics of financial intermediaries (the commercial banks in primis) and on the protection of the final customers.
Stock exchange evolution and performance	Giuseppina Chesini	Analysis of the evolution and performance of the major Stock Exchanges in the world. Study of the balance sheets of Stock Exchanges to highlight the changes in their ways of doing business. Identification of the main drivers of change. Study of the competitors and of the changes in the management of financial markets in Europe. Comparison of the fee structures for different services.
Covered bonds	Giuseppina Chesini	Analyses of the reasons behind the growing success of covered bonds in Europe and in other countries. The efficiency implications for banks adopting covered bonds programs are also examined. The comparative analysis of the different regulations governing the issuance of covered bonds in the various countries. Study of the proposal of a European Directive.