Munich Personal RePEc Archive

Il rischio di liquidità: regolamentazione e best practice

Panetta, I. C. and Porretta, P. (2009): Il rischio di liquidità: regolamentazione e best practice. Published in: Bancaria , Vol. 3, No. March (March 2009): pp. 65-83.

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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.

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