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ANDREA SIRONI

ANDREA SIRONI
Full Professor
Department of Finance

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Courses a.y. 2019/2020

20163 GESTIONE DEI RISCHI E VALORE NELLE BANCHE E NELLE ASSICURAZIONI / RISK MANAGEMENT AND VALUE IN BANKING AND INSURANCE

Courses previous a.y.


Biographical note

Born May 13th, 1964. Degree in Economics from Università Bocconi.


Academic CV

Andrea Sironi is Vice President and a Professor of Banking and Finance at Bocconi University in Milan, where he has been Rector from 2012 to 2016. Since January 2016, he is Chairman of Borsa Italiana SpA and, since October 2016, a member of the Board of Directors of the London Stock Exchange Group.         
Professor Sironi has been Chairman of CEMS – The Global Alliance in Management Education - from 2014 to 2016. He has held visiting positions at the Research and Statistics Division of the Federal Reserve Board of Governors in Washington, at the Salomon Brothers Center, Stern School of Business (NYU), New York, and at Sciences Po, Paris.
He has been a member of the Board of Directors of Unicredit Group. At the beginning of his career, he has been a financial analyst at The Chase Manhattan Bank in London.
Professor Sironi research interests include Financial Risk Management and International Banking Supervision. He has published and edited many books and papers in international refereed journals on these subjects. Professor Sironi has also served as a consultant and board member for a number of major national and international financial institutions. In 2013 he has been a member of the Group of experts for the valuation of Bank of Italy equity capital. Until March 2019, he has been a member of the board of directors of Unicredit Group.
Professor Sironi is currently also a member of the Board of Directors of ISPI (Italian Institute for International Politics), of EASL International Liver Foundation (Geneva), of the International Advisory Council of Stockholm School of Economics, of the International Advisory Board of Nova School of Business and Economics (Lisbon), and of the Advisory Board of Cometa, a non profit organization assisting children in need.

Professor Sironi research interests include financial risk management and international banking regulation and supervision. He has published and edited many books and articles in international refereed journals on these subjects.
Professor Sironi is married and has three children.


Research areas

Risk management and capital allocation in banks. International financial markets. Financial risk management. International banking regulation and supervision.


Publications



SELECTED PUBLICATIONS

Iannotta G., Nocera G. and Sironi A. (2013), "The Impact of Government Ownership on Bank Risk", Journal of Financial Intermediation, 22, 152-176;

Resti A. and Sironi A. (2009), "What's different about loans? An analysis of the risk structure of credit spreads", International Journal of Banking Accounting Auditing and Finance, V.2, N. 2;

Iannotta G., Nocera G. and A. Sironi (2007), "Ownership structure, risk, and performance in the European banking industry, Journal of Banking and Finance;

Resti A. and Sironi A. (2007), Risk Management and Shareholders Value in Banking, John Wiley, New York.

Resti A. and Sironi A. (2007), “The risk-weights in the New Basel Capital Accord: Lessons from bond spreads based on a simple structural model”, Journal of Financial Intermediation;

Altman E., Resti A. and Sironi A. (2005), Loss Given Default: the next Challenge in Credit Risk Management, Risk Books;

Altman E., Resti A. and Sironi A. (2005), “The Link Between Default and Recovery Rates: Theory, Empirical Evidence and Implications”, Journal of Business;

Altman E., Resti A. and Sironi A. (2005), "Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical Evidence", Journal of Finance Literature;

Gabbi G. and Sironi A. (2005), "Which Factors Affect Corporate Bonds Pricing: Empirical Evidence from Eurobonds Primary Market Spreads", European Journal of Finance;

Altman E., Resti A. and Sironi A. (2004), "Default Recovery Rates in Credit RiskModelling: A Review of the Literature and Empirical Evidence", Economic Notes;

Sironi A. and Zazzara C. (2004), “Applying Credit Risk Models to Deposit Insurance Pricing: Empirical Evidence from the Italian Banking System”, Journal of International Banking Regulation;

Sironi A. (2003), "Testing for Market Discipline in the European Banking Industry: Evidence from Subordinated Debt Issues", Journal of Money, Credit and Banking;

Sironi A. and Zazzara C. (2003),  "The New Basel Accord: Implications for Italian Banks", with Cristiano Zazzara, Review of Financial Economics;

Sironi A. (2002),  “Strengthening Banks’ Market Discipline and Levelling the Playing Field: Are the Two Compatible?", Journal of Banking and Finance;

Sironi A. (2001),  "An Analysis of European Banks Subordinated Debt Issues and Its Implications for a Mandatory Subordinated Debt Policy", Journal of Financial Services Research.