Opțiuni de căutare
Pagina inițială Media Materiale explicative Studii și publicații Statistici Politică monetară Euro Plăți și piețe Cariere
Sugestii
Sortează în funcție de
Nu este disponibil în limba română

Alessandro Santoni

On-site & Internal Model Inspections

Division

Financial Risk Inspections

Current Position

Head of Section

Fields of interest

Macroeconomics and Monetary Economics,Financial Economics,Public Economics

Email

alessandro.santoni@ecb.europa.eu

Education
2013-2015

EMBA, Columbia Business School, London Business School, Hong Kong University, United States, China

2009-2011

Phd in Cognitive Science, University of Siena, Italy

2006-2007

BA in Political Science, University of Siena, Italy

1998-2004

BA in History, University of Siena, Italy

1997-1998

MSc in International Economics, Bocconi University, Milan, Italy

1991-1995

Ba in Economics, University of Siena, Italy

Professional experience
2023-2023

Head of Onsite Inspection Section (Credit Risk - AQR)-DGOMI, European Central Bank

2021-2023

Senior Financial Expert-MCM Financial Crisis, IMF, Washington, United States

2018-2021

Head of Onsite Inspection Section (Market Risk, Treasury, IT)-DGOMI, European Central Bank

2014-2018

Head of Crisis Management Section-DG4, European Central Bank

2006-2014

Head of Strategic Planning, IR and Research-BMPS, Siena, Italy

2002-2006

Head of Southern European Banks, Goldman Sachs, London, UK

2000-2002

Equity Analyst, ABN-Amro, London, UK

1996-1997

Army Officer (NATO), San Dona del Piave, Italy

Teaching experience
2023-2023

Financial Crimes, University of St. Gallen, Switzerland

2008-2023

Bank Valuation, Bayes School of Business, UK

2016-2023

Risk management, Frankfurt School of Management, Germany

11 May 2023
OCCASIONAL PAPER SERIES - No. 316
Details
Abstract
This article focuses on some of the operational aspects of winding down a bank’s trading book portfolio and discusses the hidden exit costs that can sometimes exist. The article provides a deep dive on valuation principles and exit strategies currently considered by industry practitioners when designing a solvent wind-down plan. It also provides the reader with an overview of key underpinning valuation or pricing concepts, such as ‘fair value’, ‘realisable value’ and ‘solvent wind-down (SWD) value’.
JEL Code
G12 : Financial Economics→General Financial Markets→Asset Pricing, Trading Volume, Bond Interest Rates
G13 : Financial Economics→General Financial Markets→Contingent Pricing, Futures Pricing
G14 : Financial Economics→General Financial Markets→Information and Market Efficiency, Event Studies, Insider Trading
G15 : Financial Economics→General Financial Markets→International Financial Markets
G17 : Financial Economics→General Financial Markets→Financial Forecasting and Simulation
G18 : Financial Economics→General Financial Markets→Government Policy and Regulation
G32 : Financial Economics→Corporate Finance and Governance→Financing Policy, Financial Risk and Risk Management, Capital and Ownership Structure, Value of Firms, Goodwill
G33 : Financial Economics→Corporate Finance and Governance→Bankruptcy, Liquidation
G34 : Financial Economics→Corporate Finance and Governance→Mergers, Acquisitions, Restructuring, Corporate Governance
2023
Springer
How to value a Bank: from licensing to resolution
  • A Santoni, F Salerno
2022
Springer
Corporate Governance in the Banking Sector
  • B Buchetti, A Santoni
2013
Economic Notes: Review of Banking, Finance and Monetary Economics
Assessing Rating Agencies' Ability to Predict Bank Bankruptcy–The Lace Financial Case
  • A Santoni, B Arbia
2013
The Journal of Beta Investment Strategies
Behavioral finance: an analysis of the performance of behavioral finance funds
  • A Santoni, AR Kelshiker
2012
The Journal of Trading
Time Lags in Processing Market-Sensitive Information: A Case Study
  • A Innocenti, P Malpenga, L Menconi, A Santoni
2012
LAP Lambert Academic Publishing
Applying Behavioral Finance to Investing
  • A Santoni
2012
Carocci
Il declino dell’economia italiana tra realtà e falsi miti
  • F Coricelli, M Frigerio, L Lorenzoni, L Moretti, A Santoni
2010
Studi e Note di Economia
US Banks. Causes of Bank Failures in 2009 and Early Warning Indicators
  • A SANTONI, E RICCI, A KELSHIKER
2010
University of Siena Department of Economic Policy, Finance and Development Working Paper
Intra-day anomalies in the relationship between US futures and European stock indexes
  • A Innocenti, P Malpenga, L Menconi, A Santoni
2009
Bancaria
The financial crisis: what to do now and how to prepare for the future
  • G Mussari, A Santoni, S Dalle Mura