We propose a comprehensive, pan-European scheme to address the issue of non-performing exposures. We contend that securitisation is the most effective way to sell the bulk of troubled loans because it can rise the transfer price at a level closer to the real economic value, reducing the loss for the banks at bearable levels. Through […]
Brunella Bruno
Tenured researcher, Department of Finance, Bocconi University. National scientific qualification, Associate professor, since 2014. Academic Visitor at Saïd Business School (Feb-Aug 2016). Visiting Professor at Bangor Business School (Jan-Aug 2013). Main research interests: empirical banking (credit risk management and regulation). Recent publications: Market Reaction to Bank Liquidity Regulation (with E. Onali e K. Schaeck), Journal of Financial Quantitative Analysis, forthcoming; Financial structure and corporate investment in Europe: Evidence from the crisis years (with A. D'Onofrio e I. Marino), in C. Mayer et al. (eds), Finance and Investment: The European Case, Oxford University Press, forthcoming 2018; Credit Risk Transfer in U.S. Commercial Banks. What Changed during the 2007-09 Crisis (with M. Bedendo), Journal of Banking and Finance (36) 2012.