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Event Q&A

Bank-Fund Partnerships and the Credit Landscape
In this interview, Chief Risk Officer Elisa Corsi of Volksbank discusses how bank & fund partnerships are reshaping the credit landscape for treasury and ALM professionals in Europe. She covers regulatory reform, evolving liquidity dynamics, and the strategic role of banks in the private-credit ecosystem.
Oct 20, 2025
Elisa Corsi
Elisa Corsi, Chief Risk Officer, Volksbank
Tags: ALM, Treasury and Liquidity Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Elisa Corsi opens by describing the structural shifts under way in European banking: the combined impact of Basel 3.1 reforms, rising capital requirements and the growth of private credit. She explains how banks are increasingly partnering with funds via loan sales, co-investments and synthetic securitisations in order to maintain borrower relationships, generate fee income and manage balance-sheet risk.

In the second part of the interview, Corsi focuses on the implications for treasury and ALM teams: changing liquidity profiles, new market-risk dynamics and the need for integrated asset-liability frameworks that reflect these emerging partnerships. She emphasises that conventional ALM approaches must evolve to embed scenario-planning, cross-business coordination and robust stress testing of credit transfer structures.

Elisa Corsi Bio

Chief Risk Officer with 30 years of experience in the banking sector, currently Head of Risk Management and, in the past, covered managerial roles in CRO, CFO and COO at international level, with governance on 14 countries and 25 LEs, operating both on-site and remotely. Proven experience in leading teams of different sizes (from 10 to 200 FTEs), with a goal-oriented approach to the achievement of strategic objectives for the growth of the company and its employees. In current role responsible for defining, implementing and overseeing the risk management framework, ensuring alignment with business strategy and regulatory requirements. Strong quantitative and regulatory skills, with in-depth knowledge of credit, market, liquidity, operational, ESG, IT and Cyber Risks. Overseeing ICAAP, ILAAP, BRRD, RAF and stress testing processes from a SREP perspective, define risk mitigation actions based on stress scenarios considering supply chain prospective and propagation, Strong Data Analytics and reporting skills. As Head of Organisation responsible for the operational efficiency of the resources and systems organisation to ensure the effectiveness and efficiency of the Bank strategy, strong skills in project management leading 40/50 mln €, initiatives, IT, operational compliance and optimisation of processes and procedures. Empathic leadership, stress management skills, strategic vision, strong planning aptitude, problem solving, flexibility in adapting to changes with a pragmatic mindset. Interactions with the regulator ECB and Bank of Italy since 2008.

Elisa Corsi
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