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, and financial investor protection. She has several institutional roles at the University of Siena (member of the Commissione Ricerca and the Commissione AQR). She is also a member of the teaching board of the PH.D. "diritto ed economia della società digitale" (UNINETTUNO) and the editorial board of “IANUS” and “Diritto della banca e del mercato finanziario”. She has been a member of the "Economic Law Scolars” Association" (ADDE) since its inception.
SALERNO MARIA ELENA
On Thursday at 12 a.m.
San Francesco building, first floor, room n. 23
Remote office hours: Interested students have to book an appointment
International Banking and Financial Regulation a.a. 2021-2022
- Lesson start: Tuesday, September 27, 2022, at 10 - 12 a.m.
- Lesson timetable: Monday, 2-4 p.m..; Tuesday, 10-12 a.m.; Wednesday 10-12 a.m.; Thursday 10-12 a.m.
- Access to the Moodle platform: free
Diritto degli intermediari e dei mercati finanziari a.a. 2021-2022: lesson timetable
Thursday; 10-12 (practical lesson)
Diritto Europeo della Banca e della Finanza a.a. 2021-2022: lesson timetable
Thursday, 12-14 (practical lesson)
International Banking and Financial Regulation (2022-2023)
The purpose of the course is to provide students with an analysis of functional and structural changes in the International Financial Governace 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.
Knowledge of basic principles of Public law, Company law, Banking and Financial Law
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
- European Union Money Law
- Gimigliano G., Cattelan V. (eds), Money Law, Capital, and the Changing Identity of the European Union, Bloomsbury Publishing, 2022, Chapters: 3-7-8-9-15.
- Maria Elena Salerno, Global Financial Governance. The feasible Future, Giappichelli, Torino, 2018.
3. Joseph E. Stiglitz (2010), Risk and Global Economic Architecture: Why full Financial Integration may be Undesirable, NBER WORKING PAPER SERIES, February 2010, available online
4. Daniel Calvo, Juan Carlos Crisanto, Stefan Hohl and Oscar Pascual Gutiérrez, Financial supervisory architecture: what has changed after the crisis?, 8 FSI Insights on policy implementation, April 2018, available online
Type of exams
- Mid-term exam: participation to 5 lectures (study material: no. 1) and to the presentation of the book (from which the study material No. 1 is taken) on the 4th of November (morning session). At the presentation of the book, the students, organised in groups of no more than three persons, will have the task of: i) preparing and asking a reasoned question to one or more speakers, when the panel is open; ii) preparing a video report of the presentation (no more than 3/4 minutes) to be sent to Dr. Gimigliano by the 30th of November.
The students who pass mid-term exam are forever exempted from studying the Chapters of the textbook No. 1, as the positive evaluation of the mid-term exam does not expire. They are recognised the eligibility to held the final exam on the textbook No. 2. 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
A) Students who pass mid-term exam:
The final exam is oral. It is based on the textbook No. 2.
B) 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 3 open-ended questions based on the Chapters of the textbook No. 1. 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. 2. 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: 2023/2024
Completion accademic year: 2022/2023
Completion accademic year: 2021/2022
Completion accademic year: 2020/2021
Completion accademic year: 2019/2020
- Salerno, M.E. (In corso di stampa). Sostenibilità e tutela dell’investitore finanziario. In Castellano, Caterino, Chionna, Di Rienzo, Giannelli, Motti, et al. (a cura di), Studi in onore di Sabino Fortunato. Napoli : Edizioni scientifiche italiane. - view more
- Salerno, M.E. (2023). Le sfide dell’innovazione: il finanziamento dei beni intangibili. In I. Mecatti (a cura di), Le crisi bancarie. Problemi e prospettive (pp. 21-38). Torino : Giappichelli. - view more
- Salerno, M.E. (2022). The Approximation of National Banking Law in the European Banking Union. In G. Gimigliano, V. Cattelan (a cura di), Money Law, Capital, and the Changing Identity of the European Union (pp. 99-112). Londra : Hart Publishing; Bloomsbury Publishing. - view more
- Salerno, M.E. (2022). L’integrazione dei fattori di sostenibilità nelle regole di comportamento dell’intermediario finanziario: un ritorno al modello di distribuzione “orientato al prodotto”. DIRITTO DELLA BANCA E DEL MERCATO FINANZIARIO, 36(1, prima parte), 53-104. - view more
- Salerno, M.E. (2022). Adding Sustainability Risks and Factors to the MiFID II Suitability and Product Governance Requirements. THE ITALIAN LAW JOURNAL, 8(2), 803-819 [10.23815/2421-2156.ITALJ]. - view more