This book illustrates the importance of bonds as a funding tool available to banks. After providing the reader with an overview of the funding strategies adopted during the last ten years by European banks, the book offers a deep focus on the Italian banking industry. Notably, the authors illustrate how bonds have been a primary funding choice for Italian banks, as well as a preponderant asset in Italian households’ portfolios. Furthermore, they highlight the consequences of the adoption of the Bank Recovery and Resolution Directive (BRRD) on the yields offered by bonds of Italian banks. Finally, they conclude the volume with the illustration of very recent case studies about the application of the BRRD to some problematic banks in Italy and the related side effects generated to bank bondholders. All the analyses presented in the book are supported by the use of quantitative data.
Enables readers to understand bank funding strategies currently available
Provides an overview of how the funding needs of Italian banks changed over time
Outlines how the cost of funding changed after the introduction of the EU Bank Recovery and Resolution Directive (BRRD)
Enables readers to understand bank funding strategies currently available Provides an overview of how the funding needs of Italian banks changed over time Outlines how the cost of funding changed after the introduction of the EU Bank Recovery and Resolution Directive (BRRD)
Fabrizio Crespi
Banking European Banks Deposits Cerificates Bonds Equity Bank funding strategies Fixed rate bonds Zero-coupon bonds convertible bonds inflation-indexed bonds subordinated bonds Risks Bank rescue