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Full Professor
Department of Finance

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Courses a.y. 2018/2019


Courses previous a.y.

Biographical note

Born May 13th, 1964. Degree in Economics from Università Bocconi.

Academic CV

Andrea Sironi is Professor of Banking and Finance at Bocconi University in Milan, where he has been Rector from 2012 to 2016 and previously Dean for International Affairs and Dean of the Graduate School.

He is Chairman of Borsa Italiana SpA and a member of the board of directors of the London Stock Exchange Group and of Unicredit Group.

Professor Sironi has been Chairman of CEMS – The international association of business schools - from 2014 to 2016. He has held visiting positions at the Research and Statistics Division of the Federal Reserve Board of Governors in Washington, at the Salomon Brothers Center, Stern School of Business (NYU), New York, and at the Department of Economics of Sciences Po (Paris).

At the beginning of his career, he has been a financial analyst at Chase Manhattan Bank in London.

He is also a member of the board of directors of ISPI (Italian Institute for International Politics), Foundation Javotte Bocconi, EASL International Liver Foundation (Geneva), and of the international advisory board of Stockholm School of Economics and Nova School of Business and Economics (Lisbon).

Professor Sironi research interests include financial risk management and international banking regulation and supervision. He has published and edited many books and articles in international refereed journals on these subjects.
Professor Sironi is married and has three children.

Research areas

Risk management and capital allocation in banks. International financial markets. Financial risk management. International banking regulation and supervision.

Selected publications

Iannotta G., Nocera G. and Sironi A. (2013), "The Impact of Government Ownership on Bank Risk", Journal of Financial Intermediation, 22, 152-176;

Resti A. and Sironi A. (2009), "What's different about loans? An analysis of the risk structure of credit spreads", International Journal of Banking Accounting Auditing and Finance, V.2, N. 2;

Iannotta G., Nocera G. and A. Sironi (2007), "Ownership structure, risk, and performance in the European banking industry, Journal of Banking and Finance;

Resti A. and Sironi A. (2007), Risk Management and Shareholders Value in Banking, John Wiley, New York.

Resti A. and Sironi A. (2007), “The risk-weights in the New Basel Capital Accord: Lessons from bond spreads based on a simple structural model”, Journal of Financial Intermediation;

Altman E., Resti A. and Sironi A. (2005), Loss Given Default: the next Challenge in Credit Risk Management, Risk Books;

Altman E., Resti A. and Sironi A. (2005), “The Link Between Default and Recovery Rates: Theory, Empirical Evidence and Implications”, Journal of Business;

Altman E., Resti A. and Sironi A. (2005), "Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical Evidence", Journal of Finance Literature;

Gabbi G. and Sironi A. (2005), "Which Factors Affect Corporate Bonds Pricing: Empirical Evidence from Eurobonds Primary Market Spreads", European Journal of Finance;

Altman E., Resti A. and Sironi A. (2004), "Default Recovery Rates in Credit RiskModelling: A Review of the Literature and Empirical Evidence", Economic Notes;

Sironi A. and Zazzara C. (2004), “Applying Credit Risk Models to Deposit Insurance Pricing: Empirical Evidence from the Italian Banking System”, Journal of International Banking Regulation;

Sironi A. (2003), "Testing for Market Discipline in the European Banking Industry: Evidence from Subordinated Debt Issues", Journal of Money, Credit and Banking;

Sironi A. and Zazzara C. (2003),  "The New Basel Accord: Implications for Italian Banks", with Cristiano Zazzara, Review of Financial Economics;

Sironi A. (2002),  “Strengthening Banks’ Market Discipline and Levelling the Playing Field: Are the Two Compatible?", Journal of Banking and Finance;

Sironi A. (2001),  "An Analysis of European Banks Subordinated Debt Issues and Its Implications for a Mandatory Subordinated Debt Policy", Journal of Financial Services Research.