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
- 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. 316Details
- 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
- SpringerHow to value a Bank: from licensing to resolution
- 2022
- SpringerCorporate Governance in the Banking Sector
- 2013
- Economic Notes: Review of Banking, Finance and Monetary EconomicsAssessing Rating Agencies' Ability to Predict Bank Bankruptcy–The Lace Financial Case
- 2013
- The Journal of Beta Investment StrategiesBehavioral finance: an analysis of the performance of behavioral finance funds
- 2012
- The Journal of TradingTime Lags in Processing Market-Sensitive Information: A Case Study
- 2012
- LAP Lambert Academic PublishingApplying Behavioral Finance to Investing
- 2012
- CarocciIl declino dell’economia italiana tra realtà e falsi miti
- 2010
- Studi e Note di EconomiaUS Banks. Causes of Bank Failures in 2009 and Early Warning Indicators
- 2010
- University of Siena Department of Economic Policy, Finance and Development Working PaperIntra-day anomalies in the relationship between US futures and European stock indexes
- 2009
- BancariaThe financial crisis: what to do now and how to prepare for the future