The Bachelor in Management Study Program, Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS) Surakarta invited Prof. Franco Fiordelisi to a workshop entitled “Recent Issues in Finance,” Tuesday (31/08/2021). The workshop is a part of the series of activities in the 2021 Program Kompetisi Kampus Merdeka (PKKM).
Prof. Fiordelisi is a professor in finance and banking from the University of Rome III, Italy, and the University of Essex, UK. Prof. Fiordelisi also serves as President of the Financial Intermediation Network of European Studies (FINEST). Currently, Prof. Fiordelisi is an associate editor of the Journal of Financial Stability, European Journal of Finance, and Economic Modeling. In this workshop, Prof. Fiordelisi presented his article entitled Pandemic Lending: The Unintended Effects of Model-based Regulation.

Prof. Fiordelisi and Moderator Dewanti Cahyaningsih

In his research, Prof. Fioerdelisi tries to answer several questions related to the influence of model-based regulation in the ‘credit crunch’ during the Covid-19 pandemic. The research results show that IRB banks reduce the amount of funding more than SA banks.
“The current crisis is different from the global financial crisis in 2008, which originated from the banking sector. The current pandemic crisis starts with consumers,” said Prof. Fiordelisi.
Further, Prof. Fiordelisi revealed that based on the research result, credit reductions occurred in creditors affected by the pandemic. In general, there are several points of advice proposed by Prof. Fiordelisi related to research results among others are indication that the IRB model hinders lending during the crisis period where creditors are in dire need of financial assistance and that IRB banks channel less credit to the same creditors during the Covid-19 pandemic crisis.
The interactive workshop was led by Dewanti Cahyaningsih, M.Rech., an alumna of the Management Study Program FEB UNS, and concluded with a group photo session.
Reporter: Aulia
Editor: Humas FEB