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Call for Papers Topics

This call for papers invites the submission of high-quality, unpublished manuscripts that explore the challenges and opportunities faced by banks in a historical context characterized by the energy transition of national economic systems. Topics of interest include, but are not limited to, the following areas:

The evolution of the SSM ten years after its birth

It is considered important to broaden the discussion on whether, and how, ten years after the SSM Regulation, the new Community architecture has contributed significantly to improving the stability of individual banks in several ways, such as:

  • Harmonisation of supervisory practices (Carretta et al., 2015; Scannella, 2015);
  • Strengthening prudential supervision (Beccalli & Cesarini, 2021);
  • Improving the stability of the banking system and the market power of European banks (Banfi & Pampurini, 2016; Bikker. J. & Okolelova. I. 2022);
  • Reduction of systemic and idiosyncratic risk (Beccalli & Poli, 2015; ECB, 2024b);
  • Improved risk disclosure (Altunbaş et al., 2022).

The harmonisation of the Control and Supervision process: focus on sanctions

A crucial aspect of the SSM is the sanctioning activities, which has evolved to raise new questions about:

  • The effectiveness of sanctions in improving banking stability (Caiazza et al., 2015) also in consideration of the information about the motivations behind them (Guerello et al., 2019);
  • The impact of sanctions on stock price (Linder, 2016);
  • The effectiveness of supervisory action in which there is a comparison between the European and US supervisory sector (Götz & Tröger, 2017);
  • The restrictiveness of supervisory action in Europe on the basis of the frequency with which sanctions are imposed and their contribution to systemic risk (Korzeb et al., 2024);
  • The contribution of sanctions to the risk of bank default (Murè et al., 2020);
  • The combination of ESG and sanctions (Murè et al., 2021; Mango et al., 2023);
  • The impact of sanctions on reputation (Armour et al., 2017);
  • The impact of sanctions on banks’ performance (Murè, 2014; Murè & Spallone, 2018);
  • The probability of sanction (Murè et al., 2018);
  • The possible evolutions of the legislation on the adequacy of top management bodies (ECB, 2017; MEF, 2020);
  • The sanctioning activity of the ECB and NCAs – in particular Bank of Italy – in the context of the SSM (Banca d’Italia, 2023).

The evolution of the control governance process: the integration of the Compliance Function with strategic planning and outsourcing possibilities

  • Compliance to support the strategic process in intermediaries, also in consideration of the possibility of resorting to the outsourcing of corporate functions (Murè & Bittucci, 2020; Murè, 2021; ECB 2024a).

We encourage all researchers to submit their work by the deadlines outlined above. Your contributions are vital for fostering discussions and advancing knowledge in our field. We look forward to receiving your submissions!

 

SUBMISSION DEADLINE JANUARY 13, 2025

CLICK HERE TO SUBMIT (FULL PAPER OR EXTENDED ABSTRACT)

View all deadlines

 

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References

  • Altunbaş Y., Polizzi S., Scannella E. & Thornton J. (2022). “European Banking Union and bank risk disclosure: the effects of the Single Supervisory Mechanism”. Review of Quantitative Finance and Accounting.
  • Armour J, Mayer C. & Polo A. (2017). “Regulatory Sanctions and Reputational Damage in Financial Markets”. Journal of Financial and Quantitative Analysis. 52(4):1429-1448.
  • COUNCIL REGULATION (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.
  • ECB (2017). “Linee guida: Fit and proper assessment”.
  • ECB (2024, a) “Draft guide on governance and risk culture”.
  • ECB (2024, b). “Statement on SSM risk appetite”.
  • Banca d’Italia (2023). “Relazione sulla gestione e sulle attività”.
  • Banfi & Pampurini (2016). “Il grado di efficienza degli intermediari sottoposti alla vigilanza europea: una valutazione.”. Osservatorio Monetario.
  • Beccalli E. & Poli F. (2015). “Bank Risk, Governance and Regulation”. Philip Molyneux, Houndmills.
  • Beccalli E. & Cesarini F. (2021). “Il sistema finanziario europeo. Cosa regolare, come regolare, chi deve regolare”. Il Mulino.
  • Bikker. J. & Okolelova. I. (2022). “The Single Supervisory Mechanism: Competitive implications for the banking sectors in the euro area”- International Journal of Finance & Economics, Wiley Online Library.
  • Caiazza S., Cotugno M., Fiordelisi F. & Stefanelli V. (2015). “Bank Stability and Enforcement Actions in Banking”. CEIS Research Paper 334, Tor Vergata University, CEIS, revised 20 Mar 2015.
  • Carretta A., Farina V., Fiordelisi, F., Schwizer P., Stentella Lopes F.S. (2015). “Don’t Stand So Close to Me: The role of supervisory style in banking stability”. Journal of Banking and Finance.
  • Götz.M, & Tröger. T (2017). “Fines for misconduct in the banking sector – what is the situation in the EU?”. Pubblicazioni dei ricercatori dell’Istituto Leibniz per la ricerca finanziaria SAFE.
  • Guerello C., Murè P., Rovo N. & Spallone M. (2019). “On the informative content of sanctions”. The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 591-612.
  • Korzeb. Z., Bernardelli. M. & Niedziółka.P (2024). “Enforcement actions against European banks in the years 2005–2022. Do financial penalties imposed on European banks follow any patterns?”. Journal of Banking Regulation.
  • Linder D. (2016). “Reputational risk of banks – a study on the effects of regulatory sanctions for major banks in Europe”.
  • Mango F., Murè P., Cardi M., Paccione C. & Bittucci L. (2023) “Supervisory Sanctions, ESG Practices and Bank Reputation: Market Performance Analysis of Sanctioned Banks”. Corporate Ownership & Control.
  • Marzioni. S., Murè. P. & Spallone M. (2020). “L’impatto delle sanzioni sulla probabilità di default. Il caso delle banche italiane”. IL RISPARMIO. – ISSN 0035-5615
  • MEF (2020), Decreto MEF 169/2020.
  • Murè P. (2014). “Le sanzioni amministrative per le banche italiane: effetti sulle performance”. Rivista bancaria.Minerva Bancaria.
  • Murè P. & Spallone M. (2018). “Gli effetti delle sanzioni amministrative sulle performance delle Banche Popolari Italiane”. Rivista Bancaria.Minerva Bancaria.
  • Murè P., Spallone M., Rovo N. & Guerello C. (2018). “Un modello previsionale per le sanzioni bancarie in Italia”. Rivista Bancaria.Minerva Bancaria.
  • Murè P. & Bittucci L. (2020). “Dalla traditional compliance al regtech. Soluzioni innovative per il sistema dei controlli interni”, EGEA.
  • Murè P. (2021). “La compliance in banca. Tra le soluzioni Regtech e l’integrazione dei fattori ESG”. EGEA.
  • Murè P., Spallone M., Mango F., Marzioni S. & Bittucci L. (2021). “ESG and reputation: The case of sanctioned Italian banks”. Corporate Social Responsibility and Environmental Management,John Wiley & Sons, vol. 28(1), pages 265-277, January.
  • Scannella E. (2015). “Crisi economica e vigilanza unica europea sulle banche: alcuni riflessi sul mercato dei servizi finanziari”. Economia dei Servizi, Il Mulino, n. 1, gennaio-aprile, 2015, pp. 65-82.