SALERNO MARIA ELENA

Maria Elena
Salerno
Professore Associato

Presentation

Maria Elena Salerno is an associate professor in Economics and Law at the School of Economics and Management, Law and Business Studies Department of the University of Siena. She has a degree in Economics and Banking, a postgraduate diploma in Banking Economics and Law (scuola di specializzazione in discipline bancarie), she holds a post-graduate research grant (assegno di ricerca) in Law and Economics, and the ASN as associate professor (IUS/05). She has run courses on banking and financial law subjects since 2001. Her academic publications focus on banking supervision, pension funds, banking corporate governance, international financial governance, financial investor protection, and sustainability and financial market. She has several institutional roles at the University of Siena (member of the Commissione Ricerca and the Commissione AQR). She is a member of the teachers board of the Ph.D "Law and managemento of Sustainability" (UNISI), of the editorial board of the journal “Diritto della banca e del mercato finanziario”, and of the steering board of the online journal "IANUS". She has been a member of the "Economic Law Scolars” Association" (ADDE) since its inception.

Office hours

Office hours

On Wednesday at 2 p.m.

San Francesco building,  first floor, room n. 23

Remote office hours: Interested students have to book an appointment

Curriculum Vitae

Notices

International Banking and Financial Regulation a.a. 2023-2024

- Lesson timetable: Monday, 12-14 a.m..; Tuesday, 2-4 p.m.; Wednesday 12-14 a.m.; Friday 10-12 a.m.

- Access to the Moodle platform: free

 

Diritto  degli intermediari e dei mercati finanziari a.a. 2023-2024: lesson timetable

Monday, 10-12

Tuesday, 10-12

Wednesday, 10-12

 

Teaching activities

a.a. 2023-2024

Course unit:

International Banking and Financial Regulation (2023-2024)

 

Objectives:

The purpose of the course is to provide students with an analysis of functional and structural changes in the International Financial Governance after global financial crisis. These changes pertain to both Global Financial Architecture and Global Financial Regulation and they are directed to assure a sound governance of global financial markets.

In addition, the course provides the exam of the European regulatory framework for sustainable finance.

 

Recommended prerequisites:

Knowledge of basic principles of Public law, Company law, Banking and Financial Law

 

Contents:

  • Objectives of and Rationale for Financial Regulation
  • The Pre-Crisis International Financial Governance Framework
  • International Financial Institutions: structure and mandate
  • International Standards Setting Bodies: structure and mandate
  • National Financial regulatory and Supervisory Models
  • Financial Supervision System in the European Union
  • Financial Supervision System in the European Banking Union
  • The Feasible Future of Global Financial Regulatory and Supervisory System
  • Sustainable Finance Regulation: SFDR, Green Taxonomy Regulation, Green Bonds Standards

 

Recommended Textbook and Readings:

  1. Maria Elena Salerno (2018), Global Financial Governance. The feasible Future, Giappichelli, Torino.
  2. Brühl, Volker, Green Finance in Europe – Strategy, Regulation and Instruments (September 30, 2021). Center for Financial Studies Working Paper No. 657, Available at SSRN: https://ssrn.com/abstract=3934042 or http://dx.doi.org/10.2139/ssrn.3934042
  3. Stefaniak, Stanisław, Shades of Green: Reconstructing the European Union’s Regulatory Framework for Sustainable Financial Products (December 12, 2023). Available at SSRN: https://ssrn.com/abstract=4662134
  4. Gortsos, Christos and Kyriazis, Dimitrios, The Taxonomy Regulation and its Implementation (Third fully updated edition, January 2024). (March 8, 2023). European Banking Institute Working Paper Series 2023 - no. 136 , Available at SSRN: https://ssrn.com/abstract=4381950 or http://dx.doi.org/10.2139/ssrn.4381950
  5. Maragopoulos, Nikos and Maragopoulos, Nikos, Towards a European Green Bond: A Commission’s Proposal to Promote Sustainable Finance (April 6, 2022). European Banking Institute Working Paper Series 2022 - no. 103, Available at SSRN: https://ssrn.com/abstract=3933766 or http://dx.doi.org/10.2139/ssrn.3933766

 

Structure of the exam

Mid-term exam:

- participation to Friday lectures and seminars on the material Nos. 2, 3, 4, and 5;

- drafting of papers by the students organised in groups (no more than five persons) on a specific subject inside the study material;

- pdf presentation of the papers in the classroom by all the students, each of them is responsible for writing a part of the papers.

The students who pass mid-term exam are forever exempted from studying all the recommended readings (Nos. 2, 3, 4, and 5), as the positive evaluation of the mid-term exam does not expire. They are recognised the eligibility to held the final exam on the recommended textbook No. 1. The final mark just depends on the student’s performance at the final exam, but the positive evaluation (sufficient, good, very good) of the mid-term exam is favourably considered.

 

Final exam

- Students who pass mid-term exam:

The final exam is oral. It is based on the textbook No. 1.

- Students who don’t pass mid-term exam or decide not to have mid-term exam:

- the first part of the exam is written. It consists of 2 open-ended questions based on the recommended readings (Nos. 2, 3, 4, and 5). Positive evaluation of this part is only a condition for taking the second part of the exam.

- the second part of the exam is oral and it is based on the textbook No. 1. The final mark just depends on the student’s performance during this part of the exam. If the student doesn’t pass the second part of the exam, the positive evaluation of the first part expires. The first and the second part of the exam must be held on the same day.

 

 

Completion accademic year: 2024/2025

Course year: 2 First cycle degree (DM 270) ECONOMICS AND BANKING A.Y. 2023/2024
Course year: 2 Second cycle degree (Laurea Magistrale) FINANCE A.Y. 2023/2024

Completion accademic year: 2023/2024

Course year: 2 First cycle degree (DM 270) ECONOMICS AND BANKING A.Y. 2022/2023
Course year: 2 Second cycle degree (Laurea Magistrale) FINANCE A.Y. 2022/2023

Completion accademic year: 2022/2023

Course year: 2 First cycle degree (DM 270) ECONOMICS AND BANKING A.Y. 2021/2022
Course year: 2 Second cycle degree (Laurea Magistrale) FINANCE A.Y. 2021/2022

Completion accademic year: 2021/2022

Course year: 1 Second cycle degree (Laurea Magistrale) ECONOMICS AND MANAGEMENT OF FINANCIAL INSTITUTIONS A.Y. 2021/2022
Course year: 2 First cycle degree (DM 270) ECONOMICS AND BANKING A.Y. 2020/2021
Course year: 2 Second cycle degree (Laurea Magistrale) FINANCE A.Y. 2020/2021

Completion accademic year: 2020/2021

Course year: 2 First cycle degree (DM 270) ECONOMICS AND BANKING A.Y. 2019/2020

Research

Ultime pubblicazioni:

  • Salerno, M.E. (2023). Il ruolo dell'Autorità Bancaria Europea e dei meccanismi di integrazione dell'Unione bancaria nel processo di creazione del mercato interno. In A. Brozzetti (a cura di), Banche, Europa e sviluppo economico (pp. 397-406). Milano : Giuffré. - view more
  • Salerno, M.E. (2023). Responsabilità della banca per fatto illecito del dipendente. In Giurisprudenza Bancaria (2021-2022) (pp. 62-65). Milano : Giuffré. - view more
  • Salerno, M.E. (2023). Centrale dei rischi: illegittimità della segnalazione a sofferenza basata esclusivamente su eccezioni all’adempimento degli obblighi di restituzione del credito. In Giurisprudenza Bancaria (2021-2022) (pp. 58-62). Milano : Giuffré. - view more
  • Salerno, M.E. (2023). Responsabilità della banca per frodi informatiche. In Giurisprudenza Bancaria (2021-2022) (pp. 65-73). Milano : Giuffré. - view more
  • Salerno, M.E. (2023). Sostenibilità e innovazione: come la regolamentazione sulla finanza sostenibile può supportare la crescita dell'economia contemporanea. IANUS DIRITTO E FINANZA, 27, 107-124. - view more