She tied with Peggy Ashcroft for Best Actress at the 1989 Venice Film Festival for She's Been Away and was made an Officer of the Order of the British Empire (OBE) in 2003.
He is the first and only Greek actor to win the Volpi Cup for Best Actor, a prestigious award given during the Venice Film Festival.
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After spending several years in theatre, she returned to film in 2001 by starring in Ermanno Olmi's film The Profession of Arms and Giuseppe Piccioni's Light of My Eyes, for which she won the Volpi Cup for Best Actress at the 2001 Venice Film Festival.
At the 1995 Venice Film Festival, Ferrari won a Volpi Cup for Best Supporting Actress in the Ettore Scola film Romanzo di un giovane povero in which she played the part of Andreina.