[Autom. eng. transl.] The behavior of the prices of financial instruments issued by Italian banks is analyzed in depth, listed on a regulated market and potentially subject to bail in: shares, subordinated bonds and - only in the last resort - non-subordinated bonds. The objective of the analysis is to verify whether the investors who have purchased these instruments are actually aware of the different content of risk that characterizes them and whether the entry into force of the new legislation on bail in has somehow altered expectations and the perception of the risk of those who had purchased these instruments at a time when it was customary to resort to bail out procedures to save the banks that were in difficult situations.
|Translated title of the contribution||[Autom. eng. transl.] The impact of the new resolution rules on bailed instruments: a check|
|Number of pages||12|
|Publication status||Published - 2016|
- bail in
- obbligazioni bancarie