Palgrave Macmillan Studies in Banking and Financial Institutions
CONTENTS NOTE
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Dedication; Contents; List of Tables; 1: Introduction; 2: The Bank-Firm Relationship: How Did It Change with the Financial Crisis?; 2.1 Introduction; 2.2 The Bank-Firm Relationship: General Remarks; 2.2.1 Background Literature; 2.3 Bank Lending During the Financial Crisis; 2.3.1 An Overview of the Trend of Credit: Demand Versus Supply Factors; 2.4 Bank Constraints on Lending: Capital, Liquidity and Profitability; 2.5 Conclusions; References; 3: Credit Risk Assessment: The Internal Rating Systems; 3.1 Introduction; 3.2 Regulatory Capital Adequacy Framework: From Basel I to Basel III
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3.3 Capital Requirements for Credit Risk; 3.3.1 Focus on the Internal Ratings Based Approach; 3.4 Internal Ratings Based Approach: Operational Features; 3.5 Conclusions; References; 4: Credit Guarantees: The Role in Bank Lending; 4.1 Introduction; 4.2 Credit Guarantees: Main Findings from the Literature Review; 4.3 The Regulatory Framework; 4.4 Mutual Guarantee Institutions: Focus on the Italian System; 4.4.1 Origins and Operational Scope; 4.4.2 The On-going Reform Process; 4.4.3 New Structures and Crisis: What Are the Current Challenges?
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4.5 The Italian Guarantee Fund for Small and Medium Enterprises: Operational Aspects4.5.1 Crisis Related Considerations; 4.6 Conclusions; References; 5: Banks, Firms and Financial Markets; 5.1 Introduction; 5.2 Beyond Credit: Rationale and Actions; 5.3 Towards New Equilibria; 5.3.1 Initiatives on a European Scale: The Capital Markets Union; 5.3.2 Crowd-Funding and Private Placement; 5.3.3 An Overview of Measures Taken in Italy; 5.3.4 Focus on the Role of Insurance Companies; 5.4 Conclusions; References; 6: Is Banking Business Changing? Some Evidence; 6.1 Introduction
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6.2 An Overview on an International Scale6.3 Credit Risk Management in Italian Banks; 6.4 Examples of Business Segments Focusing on Corporate Customers; 6.5 Conclusions; References; Index
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SUMMARY OR ABSTRACT
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This book analyses the connections between the banking industry in Europe and the companies it finances. Ferretti specifically studies how these bonds have evolved over time and questions whether now is the time for a change in the relationship's dynamics. Chapters discuss the role of bank lending in firms' financing during the recent financial crisis, as well as issues in credit risk management. The discussion also examines regulatory requirements impacting banks and firms (Basel III) and how they intersect with banks' internal purposes. Moreover, the book explores how the financial crisis has impacted the relationship between banks and businesses, and seeks to identify the strengths and weaknesses inherent to it. Through this timely discussion, Ferretti looks to the future of the relationship between banks and non-financial organizations to see how they can be revitalised, adapted and reimagined in a post-crisis economy
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Title
New Perspectives on the Bank-Firm Relationship : Lending, Management and the Impact of Basel III.