May 21, 3 pm
Seminar Room AS01
via Röntgen 1

24 May 2013 8:45am
Deutsche Bank Room (AS02)
via Roentgen 1
Keynote Speech: David Wright (IOSCO)

5 June 2:45pm
Aula Magna Via Gobbi 5
in collaboration with Goldman Sachs

La ricerca, realizzata da CAREFIN per la COVIP, è stata presentata nel corso del Salone del Risparmio 2013.

Questo seminario presenta i primi risultati di un progetto di ricerca relativo alle attività liquide Detenute dalle banche, facendone l'occasione per un ampio giro d'orizzonte sulle principali novità Regolamentari in via di definizione.

The tick size, i.e., the allowed minimum size of a price variation, is at the center of the current regulatory debate as it affects competition for the provision of liquidity in public limit order book markets (PLB). We show that the effect of a reduction in the tick size is detrimental on spread, depth and traders’welfare for illiquid stocks, whereas it benefits liquid stocks.

We study whether and how family control affects valuation and corporate decisions during the 2008-2009 financial crisis using a sample of more than 8,500 firms from 35 countries.

Our proposal aims at measuring the potential economic value that a particular class of investment vehicles - such as occupational pension funds - may generate through their ability to tailor to each group of households, as characterized by their occupation, specifically appropriate investment strategies that may take into account the existence of different degrees of symmetry and synchronicity of good and bad states across sectors and countries.

The paper studies the economics of the debt collection industry.

This conference (organised by Bocconi's CAREFIN and Department of Finance, jontly with Intesa Sanpaolo) was the chance to discuss many of the most recent research papers in the areas of banking and banking regulation. The programme featured contributions by international scholars, selected by an independent advisory committee and covered topics such as: systemic risk, banking, credit and financial markets, banking regulation.The conference was introduced by a keynote speech by Peter Praet, Member of the Executive Board of European Central Bank.