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Banche locali e piccole imprese dopo la crisi tra nuove regole e innovazioni digitali

Author

Listed:
  • Pietro Alessandrini

    () (Di.S.E.S. - Universita' Politecnica delle Marche)

  • Luca Papi

    () (Di.S.E.S. - Universita' Politecnica delle Marche)

Abstract

In questo lavoro abbiamo preso in esame l'impatto sul sistema bancario italiano della grande crisi finanziaria e della grande innovazione tecnologica, denominata fintech. Ci siamo chiesti se in questo nuovo contesto possono sopravvivere banche locali fortemente radicate nei territori in stretta relazione con le piccole imprese. L'elaborazione di indicatori di bilancio delle diverse tipologie di banche, distinte per dimensione, dimostra che l'impatto della crisi non ha avuto conseguenze peggiori per le banche piu' piccole rispetto alle maggiori. Piu' della crisi, che ha livellato gli indicatori di rischiosita' bancaria, hanno influito in modo discriminante sulle banche locali le politiche di stabilizzazione anti-crisi: la politica monetaria espansiva e la politica di regolamentazione estesa e invasiva. Tutta questa problematica va rivista considerando la grande trasformazione tecnologica i nuovi prodotti e processi dei fintech. , che sono sempre piu' destinati a incidere anche sulle strutture di intermediazione Con le incognite su nuove opportunita' e nuovi rischi che cio' comporta. Verranno messe in discussione sia il concetto di dimensione strutturale sia la concorrenza non solo tra banche, ma anche tra banche e non banche. The paper deals with the impact on the Italian banking system of two epochal factors: the great financial crisis and the big technological innovation with new financial products and processes, denominated fintech. Our main question concerns the bank-firm relations. In particular we are interested on if and how local banks could be still considered important for small and medium enterprises. Using balance sheet indicators, our conclusion is that the negative impact of the crisis has not been different between small and big banks. The riskiness indicators appear to be leveled at the end of the crisis. Rather than the crisis, the expansive monetary policy and the new regulatory system have produced an asymmetric impact that is penalizing local banks. Moreover, the digital transformation of fintech is expected to influence the financial intermediation structure, with new opportunities and new risks. Both issues on bank size and competition must be entirely revisited.

Suggested Citation

  • Pietro Alessandrini & Luca Papi, 2018. "Banche locali e piccole imprese dopo la crisi tra nuove regole e innovazioni digitali," Mo.Fi.R. Working Papers 148, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    • Handle: RePEc:anc:wmofir:148
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdfmofir/Mofir148.pdf
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    References listed on IDEAS

    as
    1. David T. Llewellyn, 2013. "A Strategic Approach to Post-Crisis Regulation - The Need for Pillar 4," Chapters, in: Andreas Dombret & Otto Lucius (ed.),Stability of the Financial System, chapter 16, Edward Elgar Publishing.
    2. Luca Papi & Emma Sarno & Alberto Zazzaro, 2017. "The geographical network of bank organizations: issues and evidence for Italy," Chapters, in: Ron Martin & Jane Pollard (ed.),Handbook on the Geographies of Money and Finance, chapter 8, pages 156-196, Edward Elgar Publishing.
    3. Pietro Alessandrini & Michele Fratianni & Luca Papi & Alberto Zazzaro, 2016. "Banks, Regions and Development After the Crisis and Under the New Regulatory System," Credit and Capital Markets, Credit and Capital Markets, vol. 49(4), pages 535-561.
    4. Alejandro Drexler & Antoinette Schoar, 2014. "Do Relationships Matter? Evidence from Loan Officer Turnover," Management Science, INFORMS, vol. 60(11), pages 2722-2736, November.
    5. Allen N. Berger & Gregory F. Udell, 2002. "Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure," Economic Journal, Royal Economic Society, vol. 112(477), pages 32-53, February.
    6. Carlo Gola & Marco Burroni & Francesco Columba & Antonio Ilari & Giorgio Nuzzo & Onofrio Panzarino, 2017. "Shadow banking out of the shadows: non-bank intermediation and the Italian regulatory framework," Questioni di Economia e Finanza (Occasional Papers) 372, Bank of Italy, Economic Research and International Relations Area.
    7. Britta Klagge & Ron Martin, 2005. "Decentralized versus centralized financial systems: is there a case for local capital markets?," Journal of Economic Geography, Oxford University Press, vol. 5(4), pages 387-421, August.
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    Cited by:

    1. Pietro Alessandrini & Luca Papi, 2018. "L'impatto della "bolla regolamentare" sulle banche: alcune valutazioni," Mo.Fi.R. Working Papers 150, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

    More about this item

    Keywords

    financial crisis; local banks; regulation; fintech;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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