In the aftermath of the euro-area sovereign debt crisis, several commentators have questioned the favourable treatment of banks’ sovereign exposures allowed by the current prudential rules. In this paper, we assess the overall desirability of reforming these rules. We conclude that the microeconomic and macroeconomic costs of a reform could be sizeable, while the benefits […]
Anna Maria Rinaldi
Anna Maria Rinaldi is a Senior advisor at the Bank of Italy (DG Financial Supervision
and Regulation). She is currently involved in the macroprudential analysis, mainly
focused on risks for financial stability related to the banking sector, and in the regulatory
impact assessment of the regulations on banks and other financial intermediaries, both at
national and international level (i.e. Basel regulation and EU regulation). She holds her
Ph.D. in Banking and Finance from the University of Rome “Tor Vergata” in 2003.