Adeguatezza del capitale, qualità del credito e performance di mercato delle banche europee durante la crisi sub-prime

Capital adequacy and credit quality, as well as accounting and market performance, are fundamental issues for bank management, both under a stable scenario and throughout a financial turmoil. During the 2007- 2008 crisis there has been an increasing attention on banks’ ability to face the recession and the sharp decline in their profitability: banks’ capital has become a key variable, along with liquidity, leverage and credit quality measurement. In this paper, we investigate the relationship between banks’ risk profile and market performances achieved by a large sample of European banks. Finally, we provide a survey of the main proposals that regulators are going to introduce in order to increase the financial system soundness.