We propose a comprehensive, pan-European scheme to address the issue of non-performing exposures. We contend that securitisation is the most effective way to sell the bulk of troubled loans because it can rise the transfer price at a level closer to the real economic value, reducing the loss for the banks at bearable levels. Through […]
Professor of Economics of Financial Intermediaries at the University of Bologna. His research focuses on financial markets, banking, risk management and regulation. He is a member of the Scientific Committee of Prometeia Associazione and Vice Chairman of Prometeia as well as an independent director on the board of several financial companies and adviser to leading financial institutions on risk management and financial management issues.