Italian NPLs
Milan, Italy
November 13, 2019

Description

IMN’s 4th Annual Investors’ Conference on Italian & European NPLs will return to Milan, Italy on 13 November 2019 to address the latest updates in the non-performing loan market. The conference will bring together leading representatives from major banks, private funds, law firms, rating agencies, service providers and more to discuss the industry’s pressing topics, including:
  • Overview of Italy’s Banking Sector: Strengths, Weaknesses, Opportunities and Threats
  • Overview of Key Government Efforts to Stabilise the Italian Banking Sector (insolvency and debt recovery proceedings, bank consolidation efforts)
  • Investing in NPLs: Risk and Pricing Considerations for Investors
  • Funding the Program: The Role of Securitisation in Fueling NPL Purchasing Power
  • NPL Sellers’ Roundtable: Assessing the Impact of the Government Led Initiatives to Date
  • Application to Other Mediterranean Economies: Implications for Spain, Portugal and Beyond


Who Should Attend
  • Italian banks looking to re-capitalise
  • Private funds looking to invest in NPLs
  • Legal counsel
  • Rating agencies
  • Servicers
  • Banks facilitating NPL transactions

Investors & Issuers 285

To view audience list you must be signed in

Sign-In

Conference Highlights

Networking Tutorial

    Platform Introduction

    LOADING MEDIA...

    Getting Started

    LOADING MEDIA...

    Updating Personal Info

    LOADING MEDIA...

    Updating Demographics

    LOADING MEDIA...

    Searching By Name/Company

    LOADING MEDIA...

    Filter By Demographics

    LOADING MEDIA...

    Send Invitation

    LOADING MEDIA...

    Accept Invitation

    LOADING MEDIA...

    Messaging Connections

    LOADING MEDIA...

    Post Conference Content

    LOADING MEDIA...

Networking

To utilize our online networking platform, you must be registered for conference and signed-in

Sign-In

My Agenda

  • To view your agenda you must be signed in Sign-In

Agenda

    Wednesday, 13 November 2019

      08:00
      Breakfast and Registration Opens




        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      09:05
      Host’s Opening Remarks



        • Lauren Kerr, Conference Producer (IMN)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      09:15
      The Italian Banking System: From Darkness to Daylight

        • Impact of macroeconomic factors on the NPL market: What is the forecast for Italy’s 2020 budget negotiations?
        • How is the political equilibrium influencing the global investor base?
        • Where does Italy fit on the Eurozone spectrum of distressed loans?
        • Impact of jumbo deals and multi-originator securitisations with local banks
        • Banking system reform: Disposal of unlikely-to-pay (UTP) and early stage NPEs
        • What are the new challenges and opportunities for the financial system after starting to see the white light?
        • Will investments in innovation and fintech platforms enhance operational capabilities and implement more efficient recovery techniques? 


        • Gregorio Consoli, Partner (Chiomenti)
        • Biagio Giacalone, Head of Department, Active Credit Portfolio Steering (Intesa Sanpaolo)
        • Edoardo Ginevra, Chief Financial Officer (Banco BPM)
        • Iacopo De Francisco, Direttore Generale (Credito Fondiario)
        • Francesco Masala, Chief Economist (Italian Banking Association)
        • Fabrizio Pagani, Global Head of Economics and Capital Market Strategy (Muzinich & Co.)
        • Massimo Prestipino, Head of Disposals (UniCredit)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      10:05
      NPL Seller Assessment and Strategy: Finding Your Niche

        • What NPL portfolio niches are burning bright on the radar? Are leasing and SME ABS characterizing the NPL market? 
        • Year in review: Evaluation of the seller spectrum over the last 12 months. 
        • How will NPL prices in 2020 compare with 2019?  
        • What assets are we starting to see performance trends? Positive vs. negative metrics
        • Alternatives to conventional securitisation: Is there a demand for whole loan portfolio sales or balance sheet recovery management?


        • Fedele Pascuzzi, Partner, Head of Crisis (PwC)
        • David Bergman, Head of Structured Finance (Scope Ratings)
        • Manuel Enrich, Investor Relations Director (Sareb)
        • Vittorio Pozzi, Partner (Legance Avvocati Associati)
        • Umberto Rasori, Chief Executive Officer (Zenith Service SpA)
        • Stefano Rossi, Chief Financial Officer (Alba Leasing)
        • Romina Rosto, Managing Director, Head of the Advisory and Origination - Asset Backed Products (Societe Generale)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      10:55
      Refreshment Break




        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      11:20
      Keynote Fireside Chat: The Role of Italian Authorities in Tackling NPLs



        • Pablo Portugal, Managing Director, Advocacy (AFME)
        • Bruna Szego, Head of Directorate, Regulation & Macroprudential Analysis (Bank of Italy)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      11:40
      The UTP Pipeline: Navigating Structures and Models

        • Breaking down the UTP scenario and the role of the challenger banks 
        • Will UTP be the restructuring of the Italian market due to slow down of securitisation under the GACs scheme?
        • Will this help to produce new solid M&A steams and industrial players?
        • How to leverage these structures to allow omission from bank originators


        • Emanuele Egidio, Partner (PwC)
        • Guido Lombardo, Chief Investment Officer (Credito Fondiario)
        • Francesco Lombardo, Partner - Financing & Capital Markets (Freshfields Bruckhaus Deringer LLP)
        • Salvatore Lombardo, Partner Restructuring (PwC)
        • Giuseppina Martelli, Director (S&P Global Ratings)
        • Umberto Paolo Moretti, Head of Turnaround (Illimity)
        • Giuseppe De Simone, Partner (Gianni, Origoni, Grippo, Cappelli & Partners)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      12:30
      Delegate Luncheon




        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track A 13:40
      Legal Reforms and GACS Renovation: The Final Extension

        • GACs overview: How has GACs contributed substantially to boost NPL disposal volumes?
        • Business forecasts: What performance issues have caused recent downgrades as collections fall short of expectation?
        • Will underperformance cause change? E.g. Servicing shake ups and sub-portfolio sales
        • The Greek GACS: Overview of the project Hercules (HAPS)
        • What will be the effects of the newly reformed "backstop regulation" by the European Council?


        • Gregorio Consoli, Partner (Chiomenti)
        • Silvio D’Amico, Director (Italian Ministry of Economy and Finance)
        • Ilias Kyriakopoulos, Chief Executive Officer & Principal (EuPraxis FSI)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track B 13:40
      Emergence of the Secondary Market

        • Is the market finally evolving into standard secondary liquidity?
        • Will this higher reselling of sub portfolios help to increase the investor base?
        • What is the appetite for participating?
        • Performance analysis to date: Volumes and reformation performance
        • Rating agency perspective: Business to action plan


        • Corrado Angelelli, Partner (Greenberg Traurig Santa Maria)
        • Giulio Brunetti, Executive Director (J.P. Morgan)
        • Andrea Giannelli, Senior Partner (Legance - Avvocati Associati)
        • Edward O'Brien, Adviser, Directorate General Macro-prudential Policy & FS (European Central Bank)
        • Pier Paolo Radaelli, Director (LCM Partners)
        • Riccardo Sigaudo, Head of Origination (Banca IFIS SpA)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track A 14:25
      Servicer Landscape: Consolidation Trends

        • Servicer challenges: Revenue streams, operational excellence and enhancing capabilities 
        • Finding the best combination of servicing acquisition (platforms merging, investor acquisition and larger servicer acquisition)
        • Is it worth newer entrants or funds to invest in these acquisitions considering they are owned under larger portfolios?
        • Does consolidation allow servicers to implement more sophisticated propositions
        • What will the role of the UTP have on new growth of servicers


        • Alessia Pirolo, Head of NPL Coverage (Debtwire)
        • Elena Cannazza, Legal (130 Servicing S.p.a.)
        • Giovanni Lombardi, General Counsel (Illimity Bank)
        • Nausica Pinese, Chief Operating Officer (Securitisation Services Spa)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track B 14:25
      The Broader Investor Base: What to Expect as a New Entrant

        • How to invest in Italian NPEs if you are a first time buyer
        • What obstacles and opportunities can you expect
        • Risk analysis: Why have these mitigated after 3 years of intense activity


        • Massimo Famularo, Managing Director, Head of Italian NPLs (Distressed Technologies)
        • Andrea Allegritti, Executive Director (J.P. Morgan)
        • Mario Cortesi, Managing Director, NPL Funds (DeA Capital Alternative Funds)
        • Marco Pompeo, Italy General Counsel (Arrow Global)
        • Michele Russo, Head of Flexible Capital (Park Square Capital LLP)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track A 15:10
      Securitisation: The Key to an International Product Solution

        • Overview of the NPL market:
          • How securitisation and in particular the GACS scheme has helped the Italian banks in the NPLs deleveraging  
          • Trends in the future NPLs deleveraging through the securitisation
        • Performance of the existing NPL securitisations in the last 2 years
        • NPL transactions: The practical experiences  
        • Italian market compared to other jurisdictions
        • What are the recent developments and regulatory reforms that could  help the NPL market to develop
        • 2020 prediction on NPL issuance volume


        • Anna Bak, Associate Director, Securitisation (AFME)
        • Gaetano Anselmi, Head of Risk Control (Banca Carige)
        • Monica Curti, Vice President – Senior Credit Officer (Moody’s Investors Service)
        • Fulvia Neri, Head of Structuring (Zenith Service S.p.A.)
        • Vittorio Savarese, Head of Structuring and Loan Management (Banca IMI)
        • Claudio Tumeo, Head of ALM, Funding & Collateral Management (Credito Valtellinese)

        Contains 1 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      Track B 15:10
      Pan European Progression: How are other Countries Trimming Their NPL Ratios

        • How can countries such as Greece, Cyprus & Portugal utilize Italy’s experience and schemes to move their own markets forward and improve balance sheet problems?
        • Does Italy lead the way as a blueprint for other European markets? 


        • Mario Aquino, Senior Vice President, Global Business Development (DBRS Ratings)
        • Fotis Kourmousis, Special Secretary (Ministry of Finance)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      15:55
      Refreshment Break




        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      16:15
      Investor Duration, Protection & Opportunities: Finding the Sweet Spot

        • Investor duration: As ECB regulation means increased provisions on portfolio acquisition, what kinds of models will be required to survive these rules when acquiring bank balance sheets?
        • Investor protection: Impact of the new ESMA NPL template
        • Investor opportunities: How to leverage cheap funding and limited assets
        • Market opportunities: NPL to UTP perspective
        • Are investors seeing a shift in monopoly of the NPE and financing market? How can investors manage declining volumes in the primary market?
        • Is securitisation the most investor confident option for buying NPLs? 


        • Joana Liachoviciute, Financial Institutions Solutions (Banca IMI)
        • Mirko Briozzo, Deputy General Manager & Chief Business Officer (Credito Fondiario)
        • Gabriele Giorgi, Head of NPL Strategy (Algebris Investments)
        • Gaudenzio Bonaldo Gregori, Partner (Pillarstone)
        • Natalia Joubrina, Head of NPLs for Southern Europe (AnaCap Financial Partners)
        • Pierre Lussato, Managing Director (Bayview International)

        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

      17:00
      Conference Concludes & Cocktail Reception Commences




        Contains 0 presentations, but you must be registered for this conference and signed-in order to view/download the files
        Sign-In

Sponsors

Register

This is a past conference, no registration is available.

Keynote Speaker

Contact Us

Venue

  • Conference Venue
  • Hotel Principe di Savoia


    Piazza Della Republica 17
    Milan, 20124
    Italy
    Fax: (39) 02 6595838, (39) 02 29006781

    Additional Info:

    IMN has a small number of discounted sleeping rooms available for the evening of 12 November.  Reservations can be made using the booking link above and are available on a first come, first served basis until 22 October.  As per hotel policy, guests will be able to make changes to their reservations prior to 22 October; after 22 October all guests will be 100% responsible for their own accomodation.  Any ammendment/cancellation,/no-show will be 100% charged as specified in their resservation. Please note that IMN has not retained any third party vendors to assist with reservations.  Please make all reservations using the booking link above.  Do not accept any calls from vendors requesting credit card information in order to assist in the booking process.

Speakers

Content/Audio Files

  • Only sessions that contain published presentations or audio files are shown here. To view full agenda please expand "Agenda" tab.

    Also please do not forget that if you are playing audio files on the mobile device (without being connected to WiFi), your Mobile/Cellural Internet data will be spent to play these audio files.
  • Wednesday, 13 November 2019
  • The Italian Banking System: From Darkness to Daylight


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In
    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    09:15

  • NPL Seller Assessment and Strategy: Finding Your Niche


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    10:05

  • Keynote Fireside Chat: The Role of Italian Authorities in Tackling NPLs


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    11:20

  • The UTP Pipeline: Navigating Structures and Models


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    11:40

  • Legal Reforms and GACS Renovation: The Final Extension


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    13:40

  • Emergence of the Secondary Market


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    13:40

  • Servicer Landscape: Consolidation Trends


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In
    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    14:25

  • The Broader Investor Base: What to Expect as a New Entrant


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In
    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    14:25

  • Securitisation: The Key to an International Product Solution


    ** This session contains presentations. Presentations will be made available to conference registrants starting first day of the conference.
    Sign-In
    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    15:10

  • Pan European Progression: How are other Countries Trimming Their NPL Ratios


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    15:10

  • Investor Duration, Protection & Opportunities: Finding the Sweet Spot


    *** This session contains audio, but you must have been registered for this conference to be able to play audio files

    16:15


1120 Avenue of the Americas, 6th Floor, New York, NY 10036
Tel: +1(212)901-0506 Fax: +1(212)768-2484
Email: mail@imn.org


View Full Site
You need to login before accessing this section. Click "Login" from bottom menu.

Please sign in

Create Account Recover Password Sign in with LinkedIn

Enter Your Email: