Natura e funzione del "capitale" delle banche nella nuova regolamentazione

The role and function of banking capital has changed after the implementation of Basel III framework regulation in Europe through the enactment of CRR and CRD IV. The paper assumes that the main aim of the new regulation is no longer to protect depositors and creditors of a single credit institution from insolvency due to idiosyncratic risk, but to address systemic risks and protect the stability of the financial system by strengthening the capacity of banks to absorb losses on a going-concern basis. For this reason, in the new context banks are required to hold more capital of better quality.