Rome Investment Forum 2019

9/12 Plenary Session Scuderie di Palazzo Altieri

Opening Remarks and Guests of Honour: L. Abete, P. Gentiloni, G. Conte

Europe’s Main Challenge: Financing Competitiveness and Sustainable Growth: F. M. Castaldo, R. Gualtieri, M. Cole-Fontayn, F. Demarigny, J. M. González-Páramo, D. Marsh, M. Nava, D. Wright, P. Garonna

9/12 Stream sessions Sala Lettura

Making the EMU Work: Redressing Imbalances and Promoting Growth: M. Belka, T. Christiansen, A. de Bresson, M. Ungaro, N. Véron, D. Focarelli

Sustainable Finance for Growth and Welfare: S. Corbello, D. D’Andrea, A. Massari, A. Panda, A. Ravazzi Douvan, A. Benassi

9/12 Stream session Sala Verde

Banking Union and CMU: G. Bernardino, G. Bertezzolo, S. Gatti, V. Ross, G. Sabatini, A. Gervasoni

Financing Long-Term Investments in Infrastructure: S. Camerano, A. Clerici, M. Deandreis, A. Oliveti, S. Rovere, L. Zylberberg, F.Bassanini, video interview R. Viola

10/12 Plenary session Scuderie di Palazzo Altieri

State of the Art and Perspectives of the Italian Financial Industry. Vision, Opportunities, Reforms

Vincenzo Boccia, Maria Bianca Farina, Antonio Patuelli, Luigi Abete

10/12 Stream sessions Sala Lettura

Leverage Finance and Alternative Financing: C. De Franceschi, D. Ferrazzi, F. Lione, L. Pizzimiglia, F. Seganti, G. Rizzuti; Cybersecurity and Anti Money Laundering: C. Cola, C. Giustozzi, J. Greenbaum, R. Stasi, E. Farris; Building Trust and Credibility in Finance: P. V. Dastoli, G. Di Gaspare, P. Garonna, M. La Torre, G. Maggi, C. Segre, G.Ghisolfi

10/12 Stream Sessions Sala Verde

Focus on SMEs, Industrial Clusters and Innovation: G. Carnovale, P. Poletto, G. Riccio, L. Scatena, P. Stra, F. Brunori; The European Financial Market Regulation: The Impact of MiFID: G. Laffineur, D. Sabatini, R. Watson; Technical Change and Profitability: Fintech and Insurtech: K. Grandl, M. di Tria, M.Ghiglioni, G. Giambelluca, L. Oliva, P. Gaggi

10/12 Final Plenary session Scuderie di Palazzo Altieri

New Rules and Institutions for a Fair and Effective New Global Financial Order: A. Corinti, M. di Tria, S. Fabbrini, F. Mazzaferro, F. Nelli Feroci, B. Spitz, P. Garonna

Video Interviews at Rome Investment Forum 2019

Part 1: L. Abete, M. Nava, F. M. Castaldo, E.Rossi, V. Ross, A. Clerici, M. Deandreis, A. Benassi, D. Baldino

Video Interviews at Rome Investment Forum 2019

Part 2: V. Boccia, M. B. Farina, G. Carnovale, F. Brunori, F. Seganti, M. di Tria, M. Ghiglioni, G. Giambelluca, P. Dastoli, P. Garonna, S. Giorgi

Concept note

The event

The Rome Investment Forum 2019 is the sixth edition of the annual international conference focused on investments as a long-term driver of development and economic growth organized by the Italian Banking Insurance and Finance Federation (FeBAF). The 2019 edition will be held in Rome on December 9 and 10, 2019 at Scuderie di Palazzo Altieri and is organised in cooperation with the Association for Financial Markets in Europe (AFME).

Main Topics

Europe’s Main Challenge: Financing Investment in Competitiveness and Sustainable Growth
Making the EMU Work: Redressing Imbalances and Promoting Growth
Banking Union and CMU: How to Bring Them Forward in a Post-Brexit and Pan-European Perspective
Financing Long-Term Investments in Infrastructure: the Role of Institutional Investors and PPPs
Sustainable Finance for Growth and Welfare
State of the Art and Perspectives of the Italian Financial Industry. Vision, Opportunities, Reforms
Leverage Finance and Alternative Financing Opportunities
Focus on SMEs, Industrial Clusters and Innovation: Financing Challenges
The European Financial Market Regulation: The Impact of MiFID
Cybercrime, Money Laundering, Global Relations: How to Secure Compliance
Building Trust and Credibility in Finance: Independence, Accountability, Ethics and Responsiveness to Social Demands
Facing the Challenges of Technical Change and Profitability: Fintech and Insurtech
New Rules and Institutions for a Fair and Effective New Global Financial Order

Draft Programme

Monday 9th December

9.30 – Welcome registration and networking

10:45 – Opening remarks

Opening remarks: Luigi Abete (Chairman Italian Banking Insurance and Finance Federation – FeBAF)
Keynote address: Paolo Gentiloni (EU Commissioner for Economy)

Guest of Honour: Giuseppe Conte (President of the Council of Ministers of Italy)

11:30 – 13:30 Plenary Session

Europe’s Main Challenge: Financing Investment in Competitiveness and Sustainable Growth

How and why financial development supports growth and stability, not only within the EU, but also in the wider Pan-European space
EMU, Banking Union and CMU will be reviewed for enhancing their contribution to redressing imbalances and creating jobs and welfare in Europe and in the world economy
Towards a new competition policy to increase competitiveness
The new Union’s Financial Framework 2021-2027

Introductory remarks: Fabio Massimo Castaldo (Vice President European Parliament)

Keynote address: Roberto Gualtieri (Italian Minister of Economy and Finance)

13:30 – 14:45 break

14:45 – 16:00 Stream sessions

Making the EMU Work: Redressing Imbalances and Promoting Growth

A European Safe Asset and the international role of Euro
The issue of public debts and their financing
Fiscal capacity and fiscal stabilizers for the Eurozone
Domestic reforms for competitiveness and innovation
Bringing down obstacles to cross-border markets and activities
Avoiding pro-cyclicality in micro- and macro-prudential regulation
Political obstacles for the construction of a functioning Monetary Union

Banking Union and CMU: How to Bring Them Forward in a Post-Brexit and Pan-European Perspective

BU: overcoming ring-fencing, EDIS, profitability, review of Basel Mifid etc., risk sharing and risk reduction
CMU: securitisation, covered bonds, tax and insolvency regimes, harmonisation of securities legislation, PEPP, etc.
Equivalence
Pan-European regulatory and supervisory convergence
Cross border equity, private equity and venture capital, alternative investment markets, etc.
Proportionality, supporting factors (SMEs, green?)

16:00 – 16:15 break

16:15 – 17:30 Stream sessions

Financing Long-Term Investments in Infrastructure: The Role of Institutional Investors and PPPs

Public guarantees
Advisory services, hubs and markets
Securitisation
Regional Promotional Institutions
Revision of the regulatory incentive structures (Solvency and Basel)
Tax incentives (e.g. PIR in Italy)
InvestEU
Digital Market Union and Energy Union
TransEuropean networks for transport, trade facilitation, logistics, etc.
Other regional and global initiatives (World Bank, EBRD, Belt and Road Initiative, etc.)

Financing social infrastructure
Green & blue finance
ESG
PPP for structural welfare reforms (health, long-term care, etc.)
Financial inclusion and education
Disaster risk reduction, resilience

17:30 – Day one conclusion

Tuesday 10th December

9:00 – Registration and welcome coffee

9:30 – 11:00 Plenary session

State of the Art and Perspectives of the Italian Financial Industry. Vision, Opportunities, Reforms

The Italian economy at the crossroad of structural reforms
Support for global value chains and foreign direct investments
Structural change in Italian banking, insurance, and financial markets
The Italian model of territorial banks and insurance companies
Welfare reforms and institutional investors
Channelling savings towards the real economy: obstacles and incentives
The role of CDP and National Promotional Banks and Institutions

11:00 – 11:15 break

11:15 – 12:00 Stream sessions

Leverage Finance and Alternative Financing Opportunities

High Yield Bonds vs. Leveraged Loans: convergence or replacement?
Private debt issuance
Risk retention and CLOs
Increased regulatory oversight of leveraged finance markets
Covenants: where are they going?
Future for Green HY

Focus on SMEs, Industrial Clusters and Innovation: Financing Challenges

Financing modernisation and employment creation: the role of SMEs in Italy and Europe
The new competitiveness challenges: funding requirements and opportunities
Internationalisation vs globalisation: size matters

12:00 – 12:45 Stream sessions

The European Financial Market Regulation: The Impact of MiFID

Industry narrative on key policy issues including UK/EU interoperability; third country regime; transparency; market structure; investor protection; open competition
The ongoing amendments
The mandated (MiFID Article 90 & MiFIR Article 54) reports on MiFID that the EC is required to deliver
MiFID issues central to third country access to the EU and Brexit preparations
Alignment with CMU priorities and EU institutional changeover
MiFID II Investment Research Regime and its possible impact on SMEs

Cybercrime, Money Laundering, Global Relations: How to Secure Compliance

How will innovation in data and technology affect the Compliance function?
What are the supervisory expectations around conduct, culture and personal accountability?
What is the current framework for AML supervision, and how is it expected to evolve?
Should the AML Directive be transformed into a Regulation to provide a more harmonised framework?
What are the key issues identified in the AML guidance issued by the Financial Action Task Force?
Commission review of MAR

12:45 – 14:00 break

14:00 – 14:45 Stream sessions

Building Trust and Credibility in Finance: Independence, Accountability, Ethics and Responsiveness to Social Demands

Central Banks and “politics”
International co-operation in Monetary, Fiscal and Financial Policies
Financial ethics
Bail-outs and bail-ins: how they affect investors’ behaviour and risk perception
Public and private investment
Credit unions and savings banks in relation to local communities
Social demands and the new frontier of welfare

Facing the challenges of Technical change and profitability: Fintech and Insurtech

What are the opportunities from new technologies (such as Cloud Computing, Distributed Ledger Technology, Machine Learning/Artificial Intelligence)? Where are benefits being seen today?
How ‘fit for purpose’ is the current European regulatory perimeter for encouraging innovation and managing the risk of new technologies and market participants?
How can incumbents and FinTechs better work together to unlock the value of new platforms and services?
What are the potential impacts of greater market participation from FinTech and BigTech firms? What could this mean for competition, privacy, security and service offerings?
What is the future role needed of policymakers and regulators for financial services technology and innovation to continue?
Sandboxes

14:45 – 15:00 break

15:00 – 17:00 Plenary session

New Rules and Institutions for a Fair and Effective New Global Financial Order

The role of the European Union in the global context
Multilateralism, regionalism, bilateralism, unilateralism? What vision? And leadership?
Completing the post-crisis regulatory reforms of the financial sector: what next? Implementation? Supervision?
The influence over Neighbourhood Countries
Relaunching the Transatlantic relationship: the financial sector perspective
Rethinking globalisation to make it fair and sustainable for economies and societies

17:00 – Day two conference conclusion

Media Room and Conference Materials

Intervento Luigi Abete Presidente FeBAF

Presentation Michael Cole-Fontayn

Presentation Davide Ferrazzi

Presentation Francesco Lione

Presentation Antonella Massari

Presentation Gianluca Riccio

Presentation Federica Seganti

Venue

Scuderie di Palazzo Altieri Conference Centre

Accreditamento Formazione Professionale Continua

Il Rome Investment Forum è accreditato con l’Ordine dei Dottori Commercialisti e degli Esperti Contabili di Roma (ODCEC) per il riconoscimento dei crediti formativi (fino a 13 crediti) nell’ambito della formazione professionale continua (FPC).

Il Codice Cndcec del Convegno è: 163937. Altre informazioni alla pagina dell’Ordine https://www.odcec.roma.it/index.php?option=com_eventi&task=scheda&Itemid=105&id_evento=20512

Rome Investment Forum Empowers Talents

Terza edizione del RIFET (Rome Investment Forum Empowers Talents), l’iniziativa di FeBAF che premia i migliori laureati e laureandi sulle materie collegate al Rome Investment Forum. Con il patrocinio di Adeimf (Associazione dei docenti di economia degli intermediari e dei mercati finanziari e finanza d’impresa), la collaborazione di ABIFormazione (che mette in palio all’autore del miglior lavoro di tesi una partecipazione gratuita al Master Banking and Financial Diploma) e del Forum ANIA – Consumatori (che offre le sue collane di pubblicazioni). I riconoscimenti del RIFET sono stati assegnati durante la seconda giornata del Rome Investment Forum 2019. Tutti i partecipanti al concorso sono stati invitati a partecipare nelle giornate del 9 e 10 dicembre ottenendo un attestato di partecipazione e, novità di quest’anno, la possibilità di iscriversi al Banking and Financial Diploma con il 50% di sconto. Informazioni complete su modalità, tempi di partecipazione e riconoscimenti sono consultabili sul bando.

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