Financial Institutions and Prudential Policy Unit (FIPP)

Associate scholars to the unit:

Prof. David T. Llewellyn, Loughborough University, CASS Business School and the Vienna University of Economics and Business Administration
Prof. Reinhard H. Schmidt, Professor at Frankfurt University
Dr. Barbara Casu, Professor Cass Business School, London

The Financial Institutions and Prudential Policy (FIPP) Unit’s Research Program thrives to examine:

The regulation and supervision of financial institutions and financial stability and its potential macro and micro economic consequences. The 2007/08 financial crisis provides an exceptional context to study the future of financial regulation, supervision and crisis management for European and non-European countries;
The size, diversity, corporate governance and innovation in the financial sector in Europe, in particular how size, diversity and innovation are to be assessed, how are they determined and what are the relationships existing with performance, competition, financial stability and social cohesion in the context of European financial integration and what future for corporate governance;
The internal market for financial services with a particular focus on the role of financial institutions and policy makers to achieve a single secure, competitive, stable and inclusive market for retail and wholesale financial services;
The position of small/regional/international financial centres in a global world by assessing the strengths, weaknesses, opportunities and challenges of European and non-European financial centres in light of new regulatory, tax and financial developments worldwide.

The unit is expanding its outreach to analyze global dimensions including Asia and the Mediterranean region.

The priority of the unit is to continue contributing to the policy debate post financial crisis, elaborating particularly on:

Monitoring market developments, regulatory and institutional trends and their consequences on EU’s economy and its competitive position around the globe;
Identifying challenges to an integrated European financial market and recommending steps to overcome these hurdles;
Assessing the evolving role of financial systems to better serve economic, social and environmental objectives with particular focus on inclusion, diversity and sustainable finance;
Exploring regional linkages and interactions with non-EU financial markets and investigating current challenges and future opportunities.