Full Professor of Economics, he holds the Intesa Sanpaolo Chair in Economics of Financial Regulation at Bocconi University in Milan. He is also Director of Baffi Carefin Centre for Applied Research on International Markets, Banking, Finance and Regulation at the same university; he is member of the Management Board of the SUERF (Societé Universitaire Européenne de Recherches Financières) and Associated Editor of the Journal of Financial Stability.