Management of financial institutions

People with expertise in this area
Research interests

Roberto Bottiglia: Full Professor
Emanuele Maria Carluccio: Full Professor
Giuseppina Chesini: Associate Professor

Laura Chiaramonte: Full Professor
Lorenzo Faccincani: Associate Professor
Flavio Pichler: Associate Professor

Research interests
Topic	People	Description
Banks’ crisis	Roberto Bottiglia Laura Chiaramonte	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.
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 Laura Chiaramonte Lorenzo Faccincani	Analysis and evaluation of the banks’ strategy and performance.