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ANDREA CESARE RESTI

ANDREA CESARE RESTI
Associate Professor
Department of Finance

Courses a.y. 2023/2024

10047 CREDIT RISK: MANAGEMENT AND MEASUREMENT
20163 GESTIONE DEI RISCHI E VALORE NELLE BANCHE E NELLE ASSICURAZIONI / RISK MANAGEMENT AND VALUE IN BANKING AND INSURANCE
20259 PRIVATE BANKING AND MONEY MANAGEMENT FOR INSTITUTIONAL INVESTORS

Courses previous a.y.

At Bocconi, I teach two courses in the M.Sc. in Finance program: Financial Risk Management (mandatory) and Private Banking and Institutional Asset Management (elective), as well as a course on Credit Risk in the Master in Risk Management and Quantitative Finance (MAFINRISK) program.

In the past, I directed and/or taught courses and workshops for large financial institutions, the Italian Bankers’ Association, and the European System of Central Banks.


Biographical note

I am an Associate Professor at Bocconi University. I have published books on financial risk management with Wiley and Risk Books and articles in major academic journals. In 2008-2010, I started Bocconi’s Centre for Applied Research in Finance (now Baffi Carefin) where I was managing director. I then served as the vice-chair of the European Banking Authority’s Stakeholder Group in London, and since 2016 I act as an advisor on banking supervision to the European Parliament in Brussels. I have worked for European banks, rating agencies, consultancies and supervisors, as well as serving as an expert witness for Italian magistrates investigating major financial scandals.


Research interests

My research is focused on the regulation of financial risks, credit risk and credit ratings, bank supervision, mutual funds, and asset management.


Selected Publications

Resti, Andrea
Exposure at Default, LGD and Recovery Risk
Rama Cont (ed.) Encyclopedia of Quantitive Finance, John Wiley &Sons, Chichester, 2009

Krink, Thiemo; Paterlini, Sandra; Resti, Andrea
The optimal structure of PD buckets
Journal of Banking and Finance, vol. 32, pp. 2255-2266, 2008


Krink, T; Paterlini, S; Resti, A
Using differential evolution to improve the accuracy of bank rating systems
Computational Statistics and Data Analysis, vol. 52, 2007, pp. 68-87, 2007

Resti, Andrea Cesare; Sironi, Andrea
The Risk-Weights in the New Basel Capital Accord: Lessons from Bond Spreads based on a Simple Structural Model
Journal of Financial Intermediation, 2007

Altman, Edward I.; Brady, Brooks; Resti, Andrea; Sironi, Andrea
The Link Between Default and Recovery Rates: Theory, Empirical Evidence and Implications
Journal of Business, 2006

Altman, Edward; Resti, Andrea ; Sironi, Andrea
Loss Given Default: the next Challenge in Credit Risk Management
Risk Books, 2005

Altman, Edward; Brady, Brooks; Resti, Andrea; Sironi, Andrea
The Link Between Default and Recovery Rates: Theory, Empirical Evidence and Implications
Journal of Business, 2005

Altman, Edward; Resti, Andrea; Sironi, Andrea
Default Recovery Rates in Credit Risk Modeling: A Review of the Literature and Empirical Evidence
Journal of Finance Literature, 2005


Resti, Andrea
Rischio e rendimento nella gestione del risparmio: misura, controllo, attribuzione
Quaderni di documentazione e ricerca collana economica, 2, Assogestioni, Milano-Roma, 2003

Resti, Andrea; Sironi, Andrea
Loss Given Default and Recovery Risk: From Basel II Standards to Effective Risk Management Tools
The Basel Handbook: a Guide for Financial Practitioners, 2003

Resti, Andrea
Il private banking: gestione del risparmio e della clientela. Strategie, strumenti ed esperienze
Edibank-Bancaria Editrice, Roma, 2003

Resti, Andrea Cesare
Replicating Agency Ratings through Multinomial Scoring Models
Credit Ratings. Methodologies, Rationale and Default Risk, 2002

Resti, Andrea
Il capitale bancario tra presente e futuro: nuovi strumenti per la gestione del fabbisogno patrimoniale
Gestione del capitale e creazione di valore nelle banche, Edibank, Milano-Roma, 2002

Resti, Andrea Cesare
Misurare e gestire il rischio di credito nelle banche: una guida metodologica
Alpha Test, Milano, p. 192, 2001

Resti, Andrea
Decidere in banca con la matematica e la statistica
seconda edizione riveduta e ampliata, Edibank-Bancaria Editrice, Milano-Roma, p. 202, 2001

Resti, Andrea
Banca virtuale e multicanale: strategie, best practices, errori da evitare
Edibank-Bancaria Editrice, Roma, p. 284, 2001

Resti, Andrea
Regulation can foster Mergers, can Mergers foster Eficiency? The Italian Case
Journal of Economics and Business, 50 (2), pp. 157-170, 1998

Resti, Andrea
Evaluating the cost-efficiency of the Italian Banking System: what can be learned from the joint Application of parametric and non-parametric Techniques
Journal of Banking and Finance, 2, pp. 221-250, 1997