Paola Musile Tanzi
Affiliate Professor

Biography
Paola Musile Tanzi is Affiliate Professor of Banking and Insurance at SDA Bocconi School of Management. She is Full Professor of Economics of Financial Intermediaries at the Università degli Studi di Milano.
At SDA Bocconi she was Director of the Financial Intermediation and Insurance Area (2006-2012). She has managed research and training projects for important companies.
Her research focuses on: wealth management, the evolution of business models, risk governance, risk culture and the system of internal controls in banks, insurance and investment companies. Currently, she is developing research on the impact of digitalisation on business models in the financial sector and on sustainable investments.
She is the author of books and articles on the subjects she deals with. Her work has been published in important journals such as: Plos one, Journal of Financial Regulation and Compliance; Journal of International Marketing.
She was a member of the Scientific Committee of the European Financial Planning Association (EFPA) in Europe and Italy from 2011 to 2018 and a member of the Scientific Committee of NedCommunity from 2014 to 2022. She is a member of the Education Committee of NedCommunity since 2022 and of the Education Committee of ecoDA. She was a member of the European Securities and Markets Authority (ESMA) Investment Management Standing Committee from April 2013 to December 2016 and from 2017 to 2022 a member of the ESMA Consultative Working Group Investor Protection & Intermediaries Standing Committee (IPISC).
She was Visiting Professor at Université Paris Est Créteil Val de Marne (France). She was an independent advisor at ITAS Assicurazioni from 2012 to 2015, at Cassa Lombarda Spa from 2013 to 2023 and at Sella SGR from 2016 to 2021. She is currently an independent advisor at Acinque, a listed multi-utility since July 2018 and at Centotrenta servicing spa since 2021.
Paola obtained a degree in Economics from the University of Parma and a PhD in Business Economics at Bocconi University.
Recent Publications
- 2024
Leveraged finance exposure in the banking system: Systemic risk and interconnectedness
DE NOVELLIS, G., P. MUSILE TANZI, M. G. RANALLI, E. STANGHELLINI, "Leveraged finance exposure in the banking system: Systemic risk and interconnectedness", Journal of International Financial Markets, Institutions & Money, 2024, vol. 90, pp. 101890 - 2024
Covenant-lite agreement and credit risk: A key relationship in the leveraged loan market
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "Covenant-lite agreement and credit risk: A key relationship in the leveraged loan market", Research in International Business and Finance, 2024, vol. 70, pp. 102377 - 2024
On the Relationship between Financial and Sustainable Variables: Insights from Graphical Gaussian Model
DA FERMO, C., P. MUSILE TANZI, M. NICOLOSI, E. STANGHELLINI, "On the Relationship between Financial and Sustainable Variables: Insights from Graphical Gaussian Model", Journal of Financial Management, Markets and Institutions, 2024, vol. 12, no. 2, pp. 2430001 - 2023
The leveraged loan market: credit and systemic risk identification
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, M. G. RANALLI, "The leveraged loan market: credit and systemic risk identification" in 1° Workshop Annuale del Dipartimento di Economia (WADE 2023), 30-31 Ottobre, 2023, Perugia, Italy - 2022
Manuale del Private Banker. VIII Edizione
MUSILE TANZI, P. (Ed.), "Manuale del Private Banker. VIII Edizione" - 2022, Egea, Milano, Italy - 2022
A Systemic Risk Indicator for Leveraged Finance Exposure in the Banking System
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "A Systemic Risk Indicator for Leveraged Finance Exposure in the Banking System" in 6th FEB International Scientific Conference: Challenges in Economics and Business in the Post-COVID Times, May 16-20, 2022, Maribor, Slovenia - 2022
A Systemic Risk Indicator for Leveraged Finance Exposure in the Banking System.
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "A Systemic Risk Indicator for Leveraged Finance Exposure in the Banking System." in TINFIN Conference: Technology, Innovation and Stability: New Directions in Finance, May 5-6, 2022, Zagreb, Croatia - 2022
Credit risk identification in leveraged loans market using mediation analysis
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "Credit risk identification in leveraged loans market using mediation analysis" in 11th International Conference of the Financial Engineering and Banking Society (FEBS), June 10-12, 2022, Portsmouth, Great Britain - 2022
Credit risk identification in leveraged loans market using mediation analysis
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "Credit risk identification in leveraged loans market using mediation analysis" in European Financial Management Association 2022 Annual Meeting (EFMA), June 29-July 2, 2022, Roma, Italy - 2022
Leveraged Finance Exposure In The Banking System: Systemic Risk And Interconnectedness
DE NOVELLIS, G., P. MUSILE TANZI, E. STANGHELLINI, "Leveraged Finance Exposure In The Banking System: Systemic Risk And Interconnectedness" in Wolpertinger Annual Conference, August 31-September 1, 2022, Madrid, Spain
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