Andrea Cesare Resti
I am an Associate Professor at Bocconi University. I have published books on financial risk management with Wiley and Risk Books and articles in major academic journals. In 2008-2010, I started Bocconi’s Centre for Applied Research in Finance (now Baffi Carefin) where I was managing director. I then served as the vice-chair of the European Banking Authority’s Stakeholder Group in London, and since 2016 I act as an advisor on banking supervision to the European Parliament in Brussels. I have worked for European banks, rating agencies, consultancies and supervisors, as well as serving as an expert witness for Italian magistrates investigating major financial scandals.
My research is focused on the regulation of financial risks, credit risk and credit ratings, bank supervision, mutual funds, and asset management.
Exposure at Default, LGD and Recovery RiskRama Cont (ed.) Encyclopedia of Quantitive Finance, John Wiley &Sons, Chichester, 2009
The optimal structure of PD bucketsJournal of Banking and Finance, vol. 32, pp. 2255-2266, 2008
The Risk-Weights in the New Basel Capital Accord: Lessons from Bond Spreads based on a Simple Structural ModelJournal of Financial Intermediation, 2007
The Link Between Default and Recovery Rates: Theory, Empirical Evidence and ImplicationsJournal of Business, 2006
Loss Given Default: the next Challenge in Credit Risk ManagementRisk Books, 2005
The Link Between Default and Recovery Rates: Theory, Empirical Evidence and ImplicationsJournal of Business, 2005
Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical EvidenceJournal of Finance Literature, 2005
Rischio e rendimento nella gestione del risparmio: misura, controllo, attribuzioneQuaderni di documentazione e ricerca collana economica, 2, Assogestioni, Milano-Roma, 2003
Il private banking: gestione del risparmio e della clientela. Strategie, strumenti ed esperienzeEdibank-Bancaria Editrice, Roma, 2003
Il capitale bancario tra presente e futuro: nuovi strumenti per la gestione del fabbisogno patrimonialeGestione del capitale e creazione di valore nelle banche, Edibank, Milano-Roma, 2002
Decidere in banca con la matematica e la statisticaseconda edizione riveduta e ampliata, Edibank-Bancaria Editrice, Milano-Roma, p. 202, 2001
Banca virtuale e multicanale: strategie, best practices, errori da evitareEdibank-Bancaria Editrice, Roma, p. 284, 2001
Regulation can foster Mergers, can Mergers foster Eficiency? The Italian CaseJournal of Economics and Business, 50 (2), pp. 157-170, 1998
Evaluating the cost-efficiency of the Italian Banking System: what can be learned from the joint Application of parametric and non-parametric TechniquesJournal of Banking and Finance, 2, pp. 221-250, 1997
At Bocconi, I teach two courses in the M.Sc. in Finance program: Financial Risk Management (mandatory) and Private Banking and Institutional Asset Management (elective), as well as a course on Credit Risk in the Master in Risk Management and Quantitative Finance (MAFINRISK) program.
In the past, I directed and/or taught courses and workshops for large financial institutions, the Italian Bankers’ Association, and the European System of Central Banks.