Banking Governance within Company Interests and Prudential Regulation. (European Regulation and Specific Italian Rules)

Law and Economics Yearly Review, 2014

44 Pages Posted: 16 Sep 2014

See all articles by Francesco Capriglione

Francesco Capriglione

Università degli Studi Guglielmo Marconi

Date Written: September 15, 2014

Abstract

This paper analyses banking governance by taking into account both company’s interests and prudential regulation. The focus on European regulatory framework and Italian rules allows us to understand the peculiar role of financial intermediaries. This is the reason why this regulation is aimed to ensure the soundness of banks’ activity and the transparency of their management policies. In particular, this research shows that the role of the board of directors and the board of auditors have been clarified by these rules, highlighting the importance of a consistent remuneration policy able to avoid risks. In conclusion, the analysis of the European and Italian legal framework does not dispel the doubt that, notwithstanding the new rules, politics – by interfering with internal corporate mechanisms – might continue to exert its influence over finance. On the other hand, we can argue that a good corporate governance could be a tool in order to overcome the difficulties of the third millennium.

Suggested Citation

Capriglione, Francesco, Banking Governance within Company Interests and Prudential Regulation. (European Regulation and Specific Italian Rules) (September 15, 2014). Law and Economics Yearly Review, 2014, Available at SSRN: https://ssrn.com/abstract=2496308

Francesco Capriglione (Contact Author)

Università degli Studi Guglielmo Marconi ( email )

Via Plinio 44
Rome, RM 00100
Italy

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
64
Abstract Views
444
Rank
623,067
PlumX Metrics