Financial Economists
Filippo Curti
Filippo Curti is Manager and Financial Economist on our Quantitative Supervision and Research team in the Supervision, Regulation and Credit Department at the Richmond Fed. Since he started working for the Richmond Fed, he has been heavily involved in Operational Risk as modeler, examiner, and advisor for policymakers. He led the Operational Risk Supervisory Modeling Team for several years before joining the Stress Testing Modeling Advisory Group. Currently, his work centers on quantifying the impact of cyber risk at financial institutions as well as supporting the Large Financial Institutions ratings system. His research has been published in top academic and industry journals.
Prior to joining the Richmond Fed, Curti worked at the University of Arizona and Toro Assicurazioni (now Assicurazioni Generali).
Curti earned his bachelor’s degree in finance from Bocconi University, master’s degree in actuarial science from the University of Turin, and doctoral degree in finance from the University of Arizona.
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Publications
"Catch the Thief! Fraud in the U.S. Banking Industry" (with A. Mihov), accepted at The Review of Corporate Financial Studies.
"Workforce Policies and Operational Risk: Evidence from U.S. Banking Organizations" (with L. Fauver and A. Mihov), Journal of Financial and Quantitative Analysis, 2023, 58(7), pp. 3085-3120.
"Are the Largest Banking Organizations Operationally More Risky?" (with W. Scott Frame and A. Mihov), 2022, Journal of Money, Credit, and Banking, 54(5), pp.1223-1259.
"Operational Risk Is More Systemic than You Think: Evidence from U.S. Bank Holding Companies" (with A. Berger, A. Mihov, and J. Sedunov), 2022, Journal of Banking & Finance, 143, p. 106619.
"U.S. Banking Sector Operational Losses and the Macroeconomic Environment" (with A. Abdymomunov, and A. Mihov), 2020, Journal of Money, Credit, and Banking, 52(1), pp. 115-144.
"Quantifying and Stress Testing Operational Risk with Peer Banks’ Data" (with A. Abdymomunov), 2020, Journal of Financial Services Research, 57, pp. 287-313.
"Fraud Recovery and the Quality of Country Governance" (with A. Mihov), 2018, Journal of Banking & Finance, 87, pp. 446-461.
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Working Papers
"A Framework for Evaluating Banks' Resilience in a Rising Interest Rate Environment" (with Jeffrey Gerlach)
"Does Media Sentiment Influence Bank Supervision?" (with David Aldama-Navarrete, Anne Lundgaard Hansen, and Sophia Kazinnik)
"Operational Losses and Insider Trading: Evidence from U.S. Financial Institutions" (with Anna Chernobai, Atanas Mihov, and Xun Xiong)