Corporate Governance and Internal Control System of Banks: An analysis of the Italian Banking Industry - Couverture souple

Perrone, Marco

 
9783844385052: Corporate Governance and Internal Control System of Banks: An analysis of the Italian Banking Industry
Couverture souple
ISBN 10 : 3844385053 ISBN 13 : 9783844385052
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

In light of increasing calls for corporate governance of banks and the current financial crisis rooted in failures of governance mechanisms, this paper investigates the structure of the internal control system of banks. I have used a sample of nine leading banks operating in the Italian market to understand the most important characteristics and the mechanisms of integration concerning the internal control system. According to the empirical evidences, various mechanisms and elements of the internal control system were found to contain weaknesses. In particular, the first-level of control appears scarcely structured and lacks a clear definition of roles and responsibilities. Moreover, the mechanisms of organizational and operating integration were developed in only a few cases. Therefore, the Italian banks must promptly focus their attention on strengthening these two areas through tailored actions to ensure the safe and sound management of corporate risks. This paper also suggests to banking industry professionals a framework and some recommendations for the implementation of an effective and integrated internal control system in banks.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

In light of increasing calls for corporate governance of banks and the current financial crisis rooted in failures of governance mechanisms, this paper investigates the structure of the internal control system of banks. I have used a sample of nine leading banks operating in the Italian market to understand the most important characteristics and the mechanisms of integration concerning the internal control system. According to the empirical evidences, various mechanisms and elements of the internal control system were found to contain weaknesses. In particular, the first-level of control appears scarcely structured and lacks a clear definition of roles and responsibilities. Moreover, the mechanisms of organizational and operating integration were developed in only a few cases. Therefore, the Italian banks must promptly focus their attention on strengthening these two areas through tailored actions to ensure the safe and sound management of corporate risks. This paper also suggests to banking industry professionals a framework and some recommendations for the implementation of an effective and integrated internal control system in banks.

Biographie de l'auteur

Marco Perrone is a business consultant in the financial services industry at Deloitte Consulting Spa. He obtained a degree with full marks in the International Management Master of Science at Bocconi University, Italy.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3844385053
ISBN 13 
9783844385052
Reliure
Broché
Nombre de pages
116
Coordonnées du fabricant
non disponible
Personne responsable
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