In the light of the recent financial market turmoil, this paper focuses on liquidity risk management from the point of view of both supervisory authorities and large financial institutions. This research aims at pointing out the main differences between national regulations and supervisory regimes in the most important EU Countries (UK, DE, IT, FR, SP), trying to explain the rationale and the limits of the different approaches. Taking into account liquidity risk management models adopted in the major banking groups within the same countries, this paper also suggests the most significant issues to be considered in order to implement effective liquidity risk management. Areas of convergence/divergence at international level are highlighted and “food for thought” is offered on a subject that is gaining more and more attention of academics and officials worldwide, that is to say the importance of finding regulatory solutions and management models suited to 'remove' systemic crisis.
Questo articolo fornisce una sintesi dello stato dell'arte in ambito europeo (Uk,De, It, Fr, Sp), delle misure regolamentari adottate per presidiare il rischio di liquidità e dei modelli di liquidity risk management implementati nei principali gruppi bancari. Evidenziando le aree di convergenza/divergenza a livello internazionale, e le motivazioni sottostanti, si è inteso offrire spunti di riflessione su una tematica che, complici le recenti turbolenze finanziarie, sta orientando l'attenzione del mondo accademico ed operativo sulla ricerca di soluzioni regolamentari e modelli di gestione idonei ad «allontanare» crisi sistemiche.
Il rischio di liquidità: regolamentazione e best practice / Panetta, Ida Claudia; Porretta, Pasqualina. - In: BANCARIA. - ISSN 0005-4623. - STAMPA. - 3:(2009), pp. 65-83.
Il rischio di liquidità: regolamentazione e best practice
PANETTA, Ida Claudia;PORRETTA, Pasqualina
2009
Abstract
In the light of the recent financial market turmoil, this paper focuses on liquidity risk management from the point of view of both supervisory authorities and large financial institutions. This research aims at pointing out the main differences between national regulations and supervisory regimes in the most important EU Countries (UK, DE, IT, FR, SP), trying to explain the rationale and the limits of the different approaches. Taking into account liquidity risk management models adopted in the major banking groups within the same countries, this paper also suggests the most significant issues to be considered in order to implement effective liquidity risk management. Areas of convergence/divergence at international level are highlighted and “food for thought” is offered on a subject that is gaining more and more attention of academics and officials worldwide, that is to say the importance of finding regulatory solutions and management models suited to 'remove' systemic crisis.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.