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Globalization and the financial crisis highlight the problems caused by worldwide banking organizations and force financial groups to reassess their development strategies. This book discusses the impact of the crisis on the consolidation process in the European financial industry and the need for regulation and financial supervision.

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List of Tables, Figures and Boxes Preface Acknowledgements Notes on Contributors Acronyms and Abbreviations Consolidation in the Financial Industry; R.Bottiglia, E.Gualandri & G.N.Mazzocco M& A in Banking: A Literature Review; E.Geretto M& A in Banking: Measurement of Some Effects; E.Geretto & G.N.Mazzocco M& A and Equity Risk in the EMU Financial Sector; R.Ferretti, F.Pattarin & V.Venturelli M& A Activity among Major European Banking Groups; R.Bottiglia & L.Chiaramonte Financial Crisis and Ownership of Global Banks; R.Bottiglia & A.Paltrinieri Bank Size, Consolidation and Operational Risk; V.De Crescenzo & F.Pichler Supervision of European Insurance Groups; A.Dreassi & S.Miani Cross-border Groups: Supervision after the Crisis; S.Cotterli& E.Gualandri Consolidation in the Stock Exchange Industry; G.Chesini Measuring Value in Stock Exchange Mergers; J.Floreani & M.Polato Necessary Reforms for Book-Entry Securities; A.V.Guccione Notes References Index

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GIUSY CHESINI is Associate Professor in Banking and Finance at the Faculty of Economics of the University of Verona, Italy LAURA CHIARAMONTE is a Ph.D. in Business Administration from the University of Verona, Italy SIMONETTA COTTERLI is Lecturer in Business Law at the University of Modena and Reggio Emilia, Italy VERONICA DE CRESCENZO is Lecturer in Banking and Finance at the Faculty of Economics of the University of Verona, Italy ALBERTO DREASSI is Research Fellow at the Faculty of Economics of the University of Udine, Italy RICCARDO FERRETTI is Full Professor of Banking and Finance at the University of Modena and Reggio Emilia, Italy, and Director of CEFIN, Center for Studies in Banking and Finance JOSANCO FLOREANI is Lecturer in Banking and Finance at the Faculty of Economics of the University of Udine, Italy ENRICO GERETTO is Lecturer in Banking and Finance at the Faculty of Economics of the University of Udine, Italy ALESSANDRO V. GUCCIONE is Lecturer in Business Law at the Faculty of Law of the University of Modena e Reggio Emilia, Italy STEFANO MIANI is Full Professor in Banking and Insurance and director of the MA Course in Banking and Finance at the Faculty of Economics of the University of Udine, Italy ANDREA PALTRINIERI is a Ph.D. student in Business Administration at the University of Verona, Italy FRANCESCO PATTARIN is Lecturer in Banking and Finance at the University of Modena and Reggio Emilia, Italy FLAVIO PICHLER is Associate Professor in Banking and Finance at the Faculty of Economics of the University of Verona, Italy MAURIZIO POLATO is Associate Professor in Banking and Finance at the Faculty of Economics of the University of Udine, Italy VALERIA VENTURELLI is Lecturer in Banking and Finance at the University of Modena, Italy

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