Personal website

This is my personal website and the views expressed here do not necessarily reflect those of Banca d'Italia

Economist at Financial Stability Research Directorate
Banca d'Italia
Via Nazionale 91, Roma
Tel: 00390647926042
email: anatolisegura(at)

Research interests Banking theory, banking regulation, financial crises, corporate finance



Debt maturity and the liquidity of secondary debt markets, with Max Bruche.
Journal of Financial Economics, June 2017, 124(3), 599-613. [Paper[Paper on SSRN] [Online Appendix]

Integrating stress tests within the Basel III capital framework: a macroprudentially coherent approach,” with Pierluigi Bologna.
Journal of Financial Regulation, September 2017, 3(2), 159-186. [Paper]

How excessive is banks' maturity transformation?, September 2016,
with Javier Suarez.
Review of Financial Studies, October 2017, 30(10), 3538-3580. [Paper] [Online Appendix] [Vox column]

Why did sponsor banks rescue their SIVs? A signaling model of rescues, March 2016.
Forthcoming at the Review of Finance [Paper]


Bank resolution and the mutualization of the public backstop in a banking union
, with Sergio Vicente.

“Securitization, implicit recourse and investment efficiciency,” with
Jing Zeng.


Recursive maturity transformation, September 2013, with Javier Suarez. [Paper]
(Old version of the paper How excessive is banks' maturity transformation?”)