Tuesday 24 September
08.00-08.45
Registration & Coffee
Galilei Foyer and Cristalli Room
OPENING SESSIONS
Galilei Room
08.45-08.50
Euromoney Welcome: Helen Wyles, Deputy Director, Euromoney Conferences
08.50-09.05
Keynote Speech: Luigi Ferraris, Chief Financial Officer, Enel
09.10-10.05
PANEL I: Buying Into Italia S.p.A
•
The Eurozone crisis: has Italy managed to insulate itself from the worst?
•
What kind of structural reforms are needed in Italy? How should they be meshed with the need for fiscal
consolidation?
•
How can Italy be made more attractive for overseas investment?
•
Is Italy ready for overseas investment from fast-growing countries in Asia and elsewhere?
Moderator: Mark Johnson, Editor, Euromoney Conferences
Speakers: Patrick Barbe, Chief Investment Officer, Euro Sovereign and Aggregate, Fixed Income, Portfolio Manager,
BNP Paribas Asset Management
Andreas Berndt, Executive Vice President and Portfolio Manager, PIMCO
Luca Bertalot, Head, European Covered Bond Council
Eric Brard, Global Head of Fixed Income, and Member of the Executive Committee, Amundi
Louis Gargour, Chief Investment Officer, LNG Capital
Michael Immordino, Partner, White & Case
10.05-10.35
Interview with: Vittorio Ogliengo, Head of Corporate & Investment Banking Italy and Head of Corporate &
Investment Banking International, UniCredit
Interviewed by: Jon Hay, Corporate Finance Editor, EuroWeek
Interview with: Paolo Alberto De Angelis, Deputy General Manager, Head of the Corporate Division, BNL
Interviewed by: Jon Hay, Corporate Finance Editor, EuroWeek
10.35-11.05
Coffee Break
Cristalli Room
11.05-11.20
Interview with: Maria Cannata, Director General of Public Debt, Ministry of Economy and Finance, Italy
Interviewed by: Mark Johnson, Editor, Euromoney Conferences
11.25-12.10
12.15-13.00
Workshop: Funding Growth and M&A Opportunities
for Italian Companies
Hosted by: BNP Paribas
Galilei Room
•
Capital markets funding for non-investment
grade issuers
•
•
Workshop: Credit Risk Disintermediation of the
Banking System: A Positive Trend
Hosted by: Societe Generale Corporate & Investment
Banking
Cartesio Room
•
The resurgence of the Italian sub-investment
grade bond market
Financing the real economy through
‘microbonds’: a useful tool for the Italian banking
system
•
Pros and cons of bond financing for nonfrequent issuers
Synthetic securitisation: a tool for Italian banks
and investor appetite
•
Project bond opportunity for investors
Moderator: Morya Longo, Journalist, Il Sole 24 Ore
Speakers: Elena Lodola, Head of Leveraged Finance
Italy, BNP Paribas
Pietro Masera, Director, CVC Capital Partners
Pietro Raguso, High Yield Debt Capital Markets, BNP
Paribas
Giovanni Sartor, Chief Financial Officer, Cerved
Antonio Tartaro, Chief Financial Officer, IVS Group
Gabriele Vianello, Head of Primary Market Italy Fixed
Income, BNP Paribas
Moderator: Massimo Bianchi, Managing Director, Head
of Debt Capital Market Origination, Financial Institutions
Italy, Societe Generale Corporate & Investment
Banking
Speakers: Paolo Altichieri, Head of Finance, Banca
Popolare di Vicenza
Lucia Silvestrini, Director, Institutional – Insurance
Companies, Societe Generale Corporate & Investment
Banking
Olivier Vincens, Director, Structured Credit Solutions,
Societe Generale Corporate & Investment Banking
Workshop: Bonds for Mid-Cap Corporates: A Road
Map - What Has Been Done So Far and What Still
Needs to be Done
Hosted by: UniCredit
Workshop: SME ABSs and SME Covered Bonds
Hosted by: Crédit Agricole Corporate and Investment
Bank
Cartesio Room
Galilei Room
•
More Italian corporates are approaching the
Capital Market
•
Regulatory challenges for the European SME
ABS & Covered Bonds Market
•
Viewpoint of the issuers and investors
•
The issuers viewpoint
•
What is needed to create an asset class?
•
Investor appetite for collateralised securities
•
How is the relationship between bank and
corporate changing?
Moderator: Andrea Cabrini, Managing Editor, Class
CNBC
Speakers: Marco Bigatti, Group Finance Director,
Luxottica
Nicolò Bocchin, Portfolio Manager, Aletti Gestielle
Alfredo Maria De Falco, Head Financing and Advisory
Italy, UniCredit
Luca Falco, Head of Debt Capital Markets Italy,
UniCredit
Ugo Giorcelli, Chief Financial Officer, Amplifon
Luca Oglialoro, Group Finance and Treasury Director,
Indesit
13.00-14.15
Lunch
Cristalli Room
Moderator: Gabriele Sacerdote, Head of Global Markets,
Italy, Crédit Agricole Corporate and Investment Bank
Speakers: Paolo Altichieri, Head of Finance, Banca
Popolare di Vicenza
Filippo Casagrande, Director of Investments, Generali
Investments Europe
Giorgio Erasmi, Head of Funding, UBI Banca
Maurizio Gozzi, Head of Italy Financial Institutions Debt
Capital Markets, Crédit Agricole Corporate and
Investment Bank
Sergio Nicoletti-Altimari, Deputy Head of the Central
Bank Operations Department, Banca d’Italia
George Passaris, Head of Securitisation, European
Investment Fund (EIF)
Andrea Torri, Central Finance Director, ICCREA
AFTERNOON SESSIONS
Galilei Room
14.15-15.05
PANEL II: Future of Bank Capital for the Italian Banking System
•
What is the right mix going forward of core equity/subordinated debt in Italy?
•
Within subordinated debt what role is best for traditional Tier 2 and additional Tier 1?
•
Will CoCos play a role in Italy?
•
What is the most efficient structure to deal with the threat of bail-in? Should Tier 3 or senior bail-in bonds be
used to counter the risk?
•
What is the level of investor appetite for Italian bank debt?
Moderator: Mark Johnson, Editor, Euromoney Conferences
Speakers: Waleed Bahjat El-Amir, Head of Group Strategic Funding and Portfolio, UniCredit
Paola Leocani, Partner, White & Case
Samuel López Briceño, Senior Investment Analyst, Fixed Income Credit Research, Vanguard Asset Management
Niels Slikker, Sovereign and Financials Analyst, Observatory Capital
Damien Saunders, FIG DCM, BNP Paribas
15.05-16.00
PANEL III: Reshaping the Capital Structure of Italian Industry
•
The development of alternative sources of finance for Italian companies
•
What role can the capital markets play in returning the Italian economy to growth?
•
The Decreto Sviluppo and mini bonds: how does the market look one year on?
•
How important will credit funds be?
•
The loan market for Italian companies in 2013 and beyond – finding the new normal
•
Will loan volumes rebound – will we see more liquidity?
•
What does all the above mean for the relationship between banks and corporate borrowers?
Moderator: Jon Hay, Corporate Finance Editor, EuroWeek
Speakers: Eric Green, Co-head Middle Market Capital, Muzinich & Co
Antonio Guadagnino, Head of Debt Capital Markets Corporate, Italy, Societe Generale Corporate & Investment
Banking
Anna Manghetti, Head of Financial Activities, Poste Italiane
Sergio Molisani, Head of Capital Markets, Financial Planning and Risk Management, Snam
Renato Panichi, Director Corporate Ratings, Standard & Poor’s
Stefano Pierini, Head of Finance, Ferrovie Dello Stato Italiane
16.00-16.30
Coffee Break
Cristalli Room
16.30-16.45
The Italian Corporate Finance Reform, One Year Later
Keynote Speech: Stefano Firpo, Chief of Staff, Ministry of Economic Development
Introduced by: Helen Wyles, Deputy Director, Euromoney Conferences
16.45-17.35
PANEL IV: Bond Markets: Global Backdrop to the Italian Story
•
What are Italian bond yields signalling for international risk perceptions of the country?
•
Can yields stabilize at a level that makes the Italian debt burden sustainable?
•
Are underlying Italian public finances improving quickly enough to meet the fiscal compact rules?
•
How big a threat are sub-national debt burdens – regional governments, state-owned entities – to overall
fiscal consolidation?
•
What do unorthodox monetary policies in the Eurozone mean for Italian bond markets?
•
How can investors prepare for any monetary unwind?
Moderator: Chris Ostrowski, Conference Director, Euromoney Conferences
Speakers: Lucio Pench, Director of Fiscal Policy, Directorate-General for Economic and Financial Affairs, European
Commission
Philippe Rakotovao, Head of Corporate and Investor Clients Division, Crédit Agricole Corporate and Investment
Bank
Marco Valli, Chief Eurozone Economist, UniCredit
17.35
Close of conference
Euromoney Conferences reserves the right to amend the programme and is not responsible for cancellations due to unforeseen circumstances. Euromoney Conferences accepts no
responsibility for statements made verbally or in written material distributed by any of its speakers at its conferences. In addition, Euromoney Conferences is not responsible for any copying,
republication or redistribution of such statements.