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Titoli e attività bancaria: ponti e mura (Securities and Banking: Bridges and Walls)

Moneta e Credito

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Title Titoli e attività bancaria: ponti e mura (Securities and Banking: Bridges and Walls)
 
Creator Padoa-Schioppa, Tommaso
 
Subject —
Bank, Banking, Financial Institution, Financial Market, Securities
G21, G28, G10
 
Description The paper examines the relationship between banking and securities activities in the light of financial market developments (securitisation, institutionalization of investment, emergence of complex financial instruments, conglomeration and consolidation), with particular reference to Europe. The enhanced links between banking and securities businesses have generated increased and new risks to financial institutions. However, banks' stability remains crucial for the stability of the financial system as a whole, because of their unique role as provider of liquidity. The paper also addresses the implications of the banking-securities combination for regulatory and supervisory arrangements. The exporting of prudential requirements traditional in banking (such as capital ratios) into the securities field, and the importing of securities regulation (such as transparency requirements) into the banking sector, can be deemed mutually beneficial. As regards supervision, there is a need to monitor the continued effectiveness of the current framework. This entails strengthening co-operation both at the national level and on a cross-border basis among sectoral supervisors in the micro-prudential field, and between them and central banks in the macro-prudential field.  JEL Codes: G21, G28, G10Keywords: Bank, Banking, Financial Institution, Financial Market, Securities
 
Publisher Associazione Economia civile
 
Contributor —
 
Date 2012-04-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articolo peer-review
 
Format application/pdf
 
Identifier http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9795
 
Source Moneta e Credito; Vol 55, N° 220 (2002)
Moneta e Credito; Vol 55, N° 220 (2002)
2037-3651
 
Language ita
 
Relation http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9795/9680
 
Rights Copyright (c) 2016 Tommaso Padoa-Schioppa
http://creativecommons.org/licenses/by-nc-nd/4.0