Senior Professor, Department of Finance, Bocconi University.

Former full professor of Banking in Modena (1972-1984) and Bologna (1984-2001) Universities.

Commisssioner of Consob (Italian securities markets regulator) 1993-1998.

Trustee of the IASB Foundation 2012-2017.

Columnist of Il Sole-24 Ore and contibutor to many web sites suh as “Voxeu.org” and “lavoce.info”.

Member of the scientific committee of Prometeia, Bologna, leading research centre for economic forecasts.

Author of many publications on banking and financial systems. The most recents: A long-term approach to Italian banks’profitability. Paradise lost? (with Giuseppe Lusignani(, in “Journal of Financial Perspectives”, n.2, 2014.; Alla ricerca della banca perduta, Il Mulino Bologna 2017; Finance and Investment. The European case (coed with Colin Mayer, Stefano Micossi, Marco Pagano and Andrea Polo), Oxford University Press, Oxford, 2018; Prendi i soldi e scappa. La finanza spiegata con il cinema, Laterza, Roma-Bari, 2018.