Workshops and Conferences

Asset Publisher

14-15 December 2023 – Italian Congress of Cryptography

On 14 December (10:00 - 19:00 CET time) and 15 December (09:00 - 18:30 CET time), in Via Claudio Monteverdi 35 - Rome, at CONSOB Auditorium, the National Cryptography Congress will take place, organized by the not-profit organization "De Componendis Cifris" (De Cifris) and Consob

The Congress is split in four sessions (half a day each) and its objective is to present the most recent advances of cryptography and its related subjects, including financial cryptography and other applications to finance and markets.

1st Session. 14 December, 10:00-13:00 CET

After the opening greetings of CONSOB Chair Paolo Savona and De Cifris Chair Massimiliano Sala, there will be a round table with representatives of goverment's Departments and other Italian public-law institutions where their view on cryptography's relevance will be presented. In the second part, the keynote speech by Massimo Giulietti will provide an overview on the state-of-the-art in Italian cryptography.

2nd Session. 14 December, 14:30-19:00 CET

A keynote speech by Antoine Joux (Goedel prize winner) will open the first scientific session of the Congress, which will host several research talks by academic experts at international level, rigorously selected by the Scientific Committee of the De Cifris.

3rd Session. 15 December, 09:00-13:30 CET

In this session some concurrent workshops will take place. In the Auditorium, two consecutive workshops will take place, the first organized by CONSOB on "Synthetic Data and Cybersecurity", featuring contributions from regulatory authorities and internationally renowned academics. The second workshop, organized by De Cifris, will focus on "CBDCs, Digital Currencies and Asset Tokenization".

4th Session. 15 December, 14:30-18:30 CET

A keynote speech by Research Manager, Svetla Petkova, will open the last scientific session of the Congress, which will host several research talks by academic experts.

The program of the conference is available at https://www.decifris.it/cifris23/program.

The events at the Auditorium will be streamed at the following links:
- 14 December 1st Session (10:00-13:00 CET) | 2nd Session (14:30-19:00 CET)
- 15 December 3rd Session (09:00-13:30 CET) | 4th Session (14:30-18:30 CET)
In-person participation is allowed up to room capacity. Requests for in-person participation should be sent by 4 December to convegni@consob.it.

Poster

5 December 2023 - First Seminar of the series CONSOB - SAPIENZA

The Faculty of Economics of Sapienza University of Rome and CONSOB are pleased to invite you to the first seminar of the series 2023-2024 dedicated to new frontiers in financial markets and regulation, entitled Capital Markets, Stock Exchanges and the challenges ahead, which will be held on Tuesday 5 December 2023 at 10:00 (CET) in Sapienza University of Rome at Sala delle Lauree.

The following papers will be presented during the seminar:

- Financial Structure and Income Inequality by Giovanni Ferri (LUMSA University)

- Where do Angels come from? by Silvio Vismara (University of Bergamo).

The seminar speakers include Chiara Mosca (CONSOB Commissioner), Giovanni Di Bartolomeo (Dean of the Faculty of Economics, Sapienza University of Rome), Luca Filippa (Director General CONSOB) and Marina Brogi (Sapienza University of Rome). Please see the attached program.

In-person participation is free up to room capacity; to attend online, please click here: https://uniroma1.zoom.us/j/84232237834.

27 November 2023 - Conference "FREE TO COUNT - More Financial Awareness Less Economic Violence"

On the occasion of the "2023 International Day for the Elimination of Violence against Women", CONSOB is pleased to announce the conference entitled FREE TO COUNT - More Financial Awareness Less Economic Violence, which will be held on 27 November 2023, 10:00-12:00 (CET time), in Via Claudio Monteverdi 35 - Rome, at CONSOB Auditorium.

Proceedings will be opened by Paolo Savona (CONSOB Chair) and Federico Freni (Undersecretary of State, Ministry of Economy and Finance).

A talk by the director and performer Micaela Ramazzotti will follow.

Distinguished speakers will intervene: Gabriella Alemanno (CONSOB Commissioner), Magda Bianco (Head of the Department of Customer Protection and Financial Education, Bank of Italy), Claudia Cattani (Chair of BNL - BNP Paribas), Maria Rosaria Covelli (Head of the Inspectorate General, Ministry of Justice), Alessandro Grispini (Head of Mental Health Unit District 2 - ASL Roma 1) and Luisa Todini (Entrepreneur - Chair of Todini Finanziaria).

Moderator: Roberto Sommella (Director, MF-Milano Finanza).

Participation is free, but online registration is welcome: https://www.consob.it/en/web/consob-and-its-activities/enrollments".

Program

23 November 2023, H. 9,30 - Study Conference ACF/"Sapienza" University of Rome on "Ordinary Justice and ADR in Financial Markets"

The Study Conference on "Ordinary Justice and ADR in Financial Markets" (Alternativity, complementarity and new forms of collaboration), organized by the Securities and Financial Ombudsman (ACF) with the University of Rome "La Sapienza" will be held next 23 November, from H. 9.30 a.m., in the Sala Lauree of the Faculty of Economics - "Sapienza" University of Rome.

The event will include at H. 9:30 a.m. the Institutional Greetings by Giovanni Di Bartolomeo, Dean of the Faculty of Economics - "Sapienza" University of Rome. This will be followed by Session I, chaired by Domenico Siclari, Professor of Law of Economy and Financial Markets - "Sapienza" University of Rome followed by reports by Giampaolo Barbuzzi, President ACF and Roberto Natoli, Professor of Law of Economy, University of Palermo. Session II is scheduled thereafter at H. 11 a.m., with a Roundtable discussion chaired by Filippo Cucuccio, Director General of the National Association for the Study of Credit Problems (ANSPC) and the following speakers: Maria Margherita Clara Manzato, Individual Customer Protection Service - Bank of Italy, Flaminia Montemaggiori, Insurance Arbitrator Division - IVASS, Giuseppe Tiracorrendo, Secretary General of the Bank Financial Conciliator Association, Antonio Pinto, Head of Banking and Financial Products Sector - Confconsumatori, and finally, Massimo Cerniglia, Investor Law Expert - Shareholder Committee Suedtirol.

Participation in the conference provides 3 training credits recognized by the Rome Bar Council.

To connect online please use the link: meet.google.com cct-qzod-qrp

Poster

14 November 2023 - Presentation of the Guidelines developed by COMI on the simplification of offering and admission to trading prospectuses

On 14 November at 11:30 a.m., a meeting for the presentation of the Guidelines on the simplification of prospectuses, developed by the Committee of Market Operators and Investors (COMI) will be held in Webinar mode.

The COMI, established in 2018 at Consob, has the function of facilitating discussion and dialogue with market operators and investors on regulatory issues and other acts of general content or strategic direction, submitted to its attention by Consob and pertaining to matters falling within the institutional competencies of the Authority. The Committee may express itself, on its own initiative, on matters of a general nature pertaining to the matters assigned to Consob's competence. It may not express its views on specific supervisory cases.

On 13 July, in the section of the Consob website about the COMI, a document was published concerning the aforementioned guidelines, drafted for simple and clear representation of the information contained in prospectuses for public offerings and listing of shares on Regulated Markets. This, in order to standardize its content, aligning it more with other European countries, and facilitating its comprehension, also at the stage of scrutiny by the Authority.

The work by COMI work considers simplification proposals made at the European and domestic levels: the Listing Act, and the Green Paper by the MEF (Ministry of Economy and Finance) from which the Capital Market Competitiveness Bill took shape.

Simplification of prospectus regulations has been on the minds of legislators and market participants for years, both at the European and domestic levels. Simplification of this matter may help make the capital market more efficient and competitive.

The use of the guidelines is supported by Consob in view of the contribution it can make in terms of facilitating discussion between operators and the Authority for the purposes of conducting investigations on prospectuses, helping to speed up approval times.

Participation, which is restricted to industry operators and companies intending to address the capital market, is limited to a maximum number of accessions. Interested parties may apply to participate by sending their references (including business/professional area and email address for transmission of the Teams link) to segr.DIE@consob.it .

Poster

25 October H. 17:00-18:30 p.m. - Financial Education Pathway for SMEs - Third Meeting

Third meeting of the financial education pathway for Italian Small and Medium Enterprises (SMEs), organized by CONSOB and the University of Insubria. The path is aimed at raising the knowledge of useful notions and tools to boost SMEs' access to the market, also in light of the evolving trends of the reference context and the opportunities offered by digitalization and the transition to a sustainable economic development model.

The meeting - which will focus on the analysis of the frame of reference and access to the capital market - will be attended by Cristiana SCHENA and Rossella LOCATELLI (UnInsubria), Federico PICCO (CONSOB), Paola MAZZUCCHELLI (Partner YouCFO) and Nicola DE ROSA (Sales Manager of Mac3 Spa - Campi Bisenzio - FI).

Participation is open to all interested parties. You may also can follow along online via the Teams platform.

Click here to attend the meeting

Program

20 October 2023, H. 9:30 a.m. - CONSOB - University of Rome “Tor Vergata” workshop of presentation of Consob Quaderno Giuridico No. 29 "AI and Market Abuse: do the laws of robotics apply to financial transactions?" at ABI - Italian Banking Association - Rome

On 20 October 2023, from H. 9:30 a.m., CONSOB and University of Rome “Tor Vergata” organize at ABI, Associazione Bancaria Italiana c/o Scuderie di Palazzo Altieri, Via di Santo Stefano del Cacco, 1 - Rome, a workshop for presentation of Consob Quaderno Giuridico (Legal Research Paper) No. 29 "AI and Market Abuse: do the laws of robotics apply to financial transactions?" The event will be held in-person only.

The proceedings will open at H. 9:30 a.m., with a greeting by the Magnificent Rector of the University of Rome “Tor Vergata”, Nathan Levialdi Ghiron, followed by a speech by Gianfranco Trovatore (CONSOB). At H. 10.00 a.m. is scheduled the panel discussion: "Legal subjectivity and responsibility of artificial intelligence" with Salvatore Amato (University of Catania), Francisco Balaguer Callejon (Universitad de Granada and University of Rome “Tor Vergata”), Mario Palazzi (Rome - Public Prosecutor's Office), Francesco Mucciarelli (Bocconi University), moderated by Bruno Montanari (Università Cattolica del Sacro Cuore and University of Catania). A panel discussion on "Supervisory and Regulatory Profiles" is subsequently scheduled at H. 11.00 a.m. with Filippo Annunziata (Bocconi University), Giulia Schneider (Università Cattolica del Sacro Cuore), Guido Scorza (Member - Data Protection Authority) and Gaetana Natale (State Attorney), moderated by Paola Lucantoni (University of Rome “Tor Vergata”). At H. 12.00 a presentation of research currently being published on "The New Frontiers of Artificial Intelligence" is planned. Final remarks by Raffaele Lener (University of Rome “Tor Vergata”) are scheduled at H. 12:30 p.m.

Please confirm your participation by 13 October 2023 by framing the QR Code on the poster or emailing to t.poli@consob.it.

Poster

16 October H. 5:00 – 6:30 p.m. - Financial Education Path for SMEs - Second meeting

Second meeting of the financial education pathway for Italian Small and Medium Enterprises (SMEs), organized by CONSOB and the University of Insubria. The path is aimed at raising the knowledge of notions and tools useful to boost SMEs' access to the market, also in light of the evolving trends of the reference context and the opportunities offered by digitalization and the transition to a sustainable economic development model.

The meeting - on digital finance - will be attended by Maria Tecla RODI, Luca ASTORRI and Tommaso POLI (CONSOB).

Participation is open to all interested parties. You may also can follow along online via the Teams platform.

Click here to attend the meeting

Program

11 October H. 5:00-6:30 p.m. - Path to Financial Education for SMEs - First meeting

CONSOB and the University of Insubria are kicking off a path to financial education for Italian Small and Medium Enterprises (SMEs). The path is aimed at raising the knowledge of useful notions and tools to boost SMEs' access to the market, also in light of the evolving trends of the reference context and the opportunities offered by digitalization and by the transition to a sustainable economic development model.

The first meeting - on digital finance - will be attended by Irene TAGLIAMONTE (CONSOB), Valeria PORTALE (Blockchain & Web 3 Observatory of Politecnico di Milano POLIMI) and Paola SQUERI (CONSOB).

Participation is open to all interested parties, who may also follow online via the Teams platform.

Click here to join the meeting

Program

9 October 2023 - Conference on "The MAR discipline and Issuers: themes and perspectives" - Consob Auditorium

A Conference on "The MAR Discipline and Issuers: themes and perspectives" will be held in the Consob Auditorium (Rome) on October 9^th , H. 3:00 to 7:00 p.m. The event, organized in collaboration with the Department of Business Administration of the University of Roma Tre and the Department of Legal Studies of Bocconi University is among the initiatives of Financial Education Month, organized by the Edufin Committee, and World Investor Week by Iosco.

After the institutional greetings by Dr. Luca Filippa (Consob, Director General), the following speeches are scheduled: "Work in the European context to make access to the capital market more attractive (Listing Act)" Avv. Alessandra Atripaldi (European Commission) and Dr. Stefano Sirtori (Esma); "The management and public disclosure of inside information: current issues and possible solutions on the horizon" Prof. Avv. Paolo Valensise (Roma Tre University) and Prof. Avv. Marco Ventoruzzo (Bocconi University); "Consob's Q&A of March 18, 2021 on selective disclosure to shareholders and, in particular, the controlling shareholder" Avv. Annarita Puppato (Consob) and Avv. Valentina Torchella (Consob) ; "The simplified rules for companies traded in growth markets for SMEs" Dr. Paolo Maggini (Consob). This will be followed by the conclusions by Dr. Paolo Marchionni (Consob).

The event is open to the public while seats last. You are pleased to register at the entrance of the Auditorium - Via Monteverdi - Rome. Live streaming on Consob's youtube channel is also planned.

Program

2-8 October 2023 - IOSCO World Investor Week 2023 to focus on Investor Resilience, Crypto Assets, and Sustainable Finance

The International Organization of Securities Commissions (IOSCO) will celebrate its seventh annual World Investor Week (WIW) from 2 to 8 October 2023 (press release in ENG / press relase in ITA).

The WIW is a global awareness campaign [https://www.worldinvestorweek.org/] to increase the importance of investor education and protection and to highlight the many initiatives conducted by regulators on these two areas.

As reflected in the IOSCO WIW Public Report 2022, published today, the participation of different jurisdictions, in both developed and emerging-market regions, keeps increasing. Hence, notwithstanding the challenging conditions experienced during the global pandemic, the number of WIW participating jurisdictions and stakeholders increased in the 2020, 2021, and 2022 campaigns, underscoring the need for financial education to enhance retail investor protection worldwide.

This year, the WIW campaign will focus on three main themes: Investor Resilience, Crypto Assets, and Sustainable Finance, which the IOSCO Board has identified as particularly relevant given current and expected global market conditions. Other themes cover Frauds and Scams Prevention, Basics of Investing, Technology and Digital Finance.

Consob, in line with the previous editions, will lead the campaign in Italy as a member of IOSCO, in coordination with the Financial Education Month, the initiative promoted by the Edufin Committee in October.

Speech by Prof. Chiara Mosca al Global Webinar on Sustainable Finance in the context of investor education and investor protection of 2 October 2023

15 September - Lectio Magistralis by President Paolo Savona on "The eternal State-Market dispute"

On Friday, 15 September, H. 10:30 a.m., at the Consob Auditorium, Via Claudio Monteverdi 35 - Rome, a Lectio Magistralis by Consob President Paolo Savona entitled "The eternal State-Market dispute" is scheduled, following a keynote address by Dr. Valerio De Luca, Director and Founder of the SPES Academy "Carlo Azeglio Ciampi." A Q&A session with working groups by SPES students is planned. The proceedings will be concluded by Renato Loiero, Counselor to the President of the Council of Ministers and SPES Faculty member.

Admission to the meeting is allowed until H. 10.00 a.m. Please, register filling out the form accessible from the link: https://forms.gle/696a5yZU3YiQLT966. For further information, please contact invito@spes.academy.

Text of the Lectio Magistralis

18 July 2023: open day on the new ways of reporting transactions suspected of constituting market abuse

An open day will be held on 18 July 2023 at 15:00 at the Milan headquarters of Consob in via Broletto, 7 during which the characteristics and methods of use of a new web application will be illustrated through which, from next 4 September, reports of transactions suspected of constituting market abuse pursuant to art. 16, paragraphs 1 and 2 of EU Regulation no. 596/2014 of the European Parliament and of the Council (cc.dd STOR).

In consideration of the limited capacity of the spaces that will host the event (38 people), it is possible to participate online, by connecting to the GoToMeeting platform. Remote connection details will be provided closer to the event.

The presentation is addressed to operators who organize and manage a trading venue as well as to the trade associations of the subjects indicated in art. 16 paragraph 2, of the Mar Regulation. The associations may - within the capacity limits mentioned above - indicate the participation of even a limited number of their members, by sending an email to segr.mercati@consob.it by 10 July 2023, with indication of the preferred method of participation (in presence/remote), the name of the participant, the function held, the telephone number and a contact email.

19 June 2023 - Seminar "The mapping of financial products from the perspective of saver protection: presentation of Consob Legal Paper no. 28"

Consob and the Bocconi University of Milan are organizing a presentation seminar on 19 June from 10 am to 1 pm on the Consob Legal Notebook no. 28 entitled "The mapping of financial products in the perspective of saver protection" at the Bocconi University, 'Room N04 Piazza Sraffa 13, Milan.

Marco Ventoruzzo (Bocconi University) and Chiara Mosca (Consob Commissioner) open the meeting.

Paola Lucantoni (University of Rome "Tor Vergata"), Andrea Perrone (Catholic University of the Sacred Heart of Milan) and Emanuele Rimini (University of Milan) discuss it.

Moderated by Michele Siri (University of Genoa). Conclusions by Antonella Sciarrone Alibrandi (Catholic University of the Sacred Heart of Milan). The authors of the Legal Notebook will be present.

28 April 2023 Corporate governance, sustainability and shareholder dialogue

Consob, the Italian Committee for Corporate Governance and the Italian association for joint-stock companies, Assonime, will present a conference on "Corporate governance, sustainability and shareholder dialogue" on 28 April from 10:00 at the Consob Auditorium.

Speakers include Paolo Savona (Chair of Consob), Lucia Calvosa (Chair of the Italian Committee for Corporate Governance) and Patrizia Grieco (Chair of Assonime).

During the meeting, the following will be presented:
- the Consob Report on the corporate governance of Italian listed companies, which provides data on ownership structures, corporate bodies, meetings and related party transactions. The 2022 Report, which will be published on the institution’s website, contains the usual in-depth analysis of the gender diversity of the corporate bodies and an addendum on engagement with the shareholders of medium-large listed companies;
- the Report of the Italian Corporate Governance Committee, which assesses the state of implementation of the Corporate Governance Code and makes some recommendations to companies for its more effective application;
- the Report on Assonime-Emittenti Titoli, which provides an in-depth analysis on the corporate governance of Italian listed companies in the light of the guidelines set out in the Corporate Governance Code.
In-person participation is free up to the capacity of the hall, subject to registration (convegni@consob.it).

The event will also be available online at the following link: https://youtube.com/live/O8HXXLom7hA.

Programme

10 March 2023 - Conference entitled "The New Frontiers of Digital Finance"

CONSOB presents the conference entitled "The New Frontiers of Digital Finance", which will be held on 10March 2023, 10:00 – 13:00 (CET time), in via C. Monteverdi 35, Rome, at CONSOB Auditorium.

Proceedings will be opened by Prof. Paolo Savona, CONSOB Chair. Distinguished speakers will intervene, moderated by Carlo Comporti, CONSOB Commissioner: John Berrigan, Director General DG FISMA of the European Commission; Verena Ross, ESMA Chair; Roni Michael, Global Head of Innovation, KPMG; Carmine Di Noia, Director DAF, OECD; Elisabeth McCaul, Member of the Supervisory Board of the ECB; Eduard Müller, Executive Director of the Austrian FMA; Paolo Angelini, Deputy Director General of the Bank of Italy. After the discussion by Paolo Ciocca, CONSOB Commissioner, Giuseppe F. Italiano, Full Professor of Computer Science, Luiss University, will conclude. Please, find the attached program.

In-person participation is free, but online registration is welcome: https://www.consob.it/web/consob-and-its-activities/enrollments.

The conference will also be available online at the following link: https://youtube.com/live/kLA8Tz7bPfI.

Conference Programme

Speech by Commissioner Paolo Ciocca

Speech by John Berrigan

Speech by Verena Ross

Slide by Roni Michael

Slide by Carmine Di Noia

Speech by Elizabeth McCaul

Slide by Eduard Müller

Speech by Paolo Angelini

2 March 2023 - Seminar entitled "Customer profiling for suitability assessment. A follow up survey on a sample of Italian intermediaries"

CONSOB presents a seminar entitled Customer profiling for suitability assessment. A follow up survey on a sample of Italian intermediaries on Thursday 2 March 2023, 10:00 - 12:00 CET, at the CONSOB Auditorium, Via C. Monteverdi 35 (Rome) and in live streaming.

Speakers include Paolo Ciocca (CONSOB Commissioner), Gianpaolo E. Barbuzzi (Alternative Financial Dispute Resolution Scheme), Michele de Mari (University of Verona), Matteo Rava (Investor Protection and Sustainable Finance Department, ESMA), Francesco Adria and Francesco Quaranta (CONSOB Intermediaries Department), Nadia Linciano and Paola Soccorso (CONSOB Research Department).

Participation is free, but online registration is welcome at: https://www.consob.it/en/web/consob-and-its-activities/enrollments.

The event will also be available in streaming at the following link: https://youtu.be/rqsT6mpp6Aw.

Discussion paper no. 11

Program

Slides by Francesco Quaranta and Paola Soccorso (CONSOB) [available only in Italian]

27-28 February 2023 - Workshop Università Cattolica del Sacro Cuore and Consob on Cyber Security, Market Disclosure & Industry

The Università Cattolica del Sacro Cuore and Consob have organized the Workshop on Cyber Security, Market Disclosure & Industry to be held in Milan on February 27, 2023, at 15.00-18:00 CET and February 28, 2023, at 10:00-13:00 CET.

The workshop is split in two sessions (days) and the objective is to discuss the opportunity of increasing market disclosure and resilience on cyber risk by listed and significant companies, in order to enhance investor protection and market awareness.

1^st Session. February 27, 15:00-18:00 CET

After the opening remarks of Banking, Financial and Insurance Sciences Faculty Dean (Milan), the first part is devoted to the Regulators CONSOB, European Securities and Markets Authority (ESMA) and Securities and Exchange Commission (SEC), who will give an overview of the latest developments in European and American cybersecurity regulations. In the second part, there will be a round table with the participation of the CFO of the most relevant listed companies in the Italian market.

2^nd Session. February 28, 10:00-13:00 CET

After the opening remarks of Economics and Law Faculty Dean (Piacenza), in the first part European Banking Federation (EBF) will introduce the topic of cyber resilience and potential impact of DORA regulation. The second part will consist of a round table that will collect experiences from the point of view of authorities, system companies and advisory firms.

The event includes the possibility of attending in-person, at the Pio XI Lecture Hall of the Università Cattolica del Sacro Cuore (Milano), or to follow the event in live streaming on https://live.unicatt.it/.

Workshop Programme

Speech by Consob Commissioner Paolo Ciocca of 27 February 2023

Video of workshop of 27 February 2023

Video of workshop of 28 February 2023

23 February 2023 - Fourth day of the series of seminars: "Financial choices of Italian households - Knowledge, innovation and sustainability" entitled "Digitalisation. Knowledge, attitudes and behaviours of Italian investors – VIII CONSOB Report"

CONSOB presents the seminar entitled Digitalisation. Knowledge, attitudes and behaviours of Italian investors, to be held on Thursday, 23 February 2023, H. 3:00 to 5:00 PM, at the CONSOB Auditorium, Via C. Monteverdi 35, Rome.

Speakers include Paolo Ciocca (CONSOB Commissioner), Tania De Renzis (ESMA), Laura Grassi (Politecnico of Milan), Matthew Kan (Ontario Securities Commission), Daniela Marconi (Bank of Italy), Nadia Linciano and Paola Soccorso (CONSOB Research Department).

The event is part of the series of meetings dedicated to Financial choices of Italian households - Knowledge, innovation and sustainability based on the evidence collected by the Observatory 'The approach to finance and investments of Italian households'. The CONSOB Report, available on the institutional website, provides evidence on the financial knowledge, attitudes and investment choices of Italian financial decision-makers. The eighth edition is dedicated to investors and deepens knowledge of investment products and services, demand for financial advice, interest in sustainable investments and digitalised services, gender gap.

Seminar series

23 February 2023 Programme

2022 Report on investment choices of Italian households

Slide by Paola Soccorso (CONSOB)

Slide by Matthew Kan (Ontario Securities Commission)

Slide by Tania De Renzis (ESMA) [available only in Italian]

Slide by Laura Grassi (Politecnico di Milano) [available only in Italian]

Slide by Nadia Linciano (CONSOB) [available only in Italian]

Slide by Daniela Marconi (Banca d’Italia) [available only in Italian]

Video

16 February 2023 - Third day of the series of seminars: "Financial choices of Italian households - Knowledge, innovation and sustainability" entitled "Financial planning - Knowledge, attitudes and behaviours of Italian investors - VIII CONSOB Report"

CONSOB presents the seminar entitled Financial Planning. Knowledge, attitudes and behaviours of Italian investors, which will be held on Thursday, 16 February 2023, H. 3:00 to 5:00 PM, at the CONSOB Auditorium, Via C. Monteverdi 35, Rome.

Speakers include Carlo Comporti (CONSOB Commissioner), Chiara Monticone (OECD), Marianna Brunetti and Rocco Ciciretti (University of Rome ‘Tor Vergata’), Nadia Linciano and Paola Soccorso (CONSOB Research Department).

The event is part of the series of meetings dedicated to Financial choices of Italian households - Knowledge, innovation and sustainability based on the evidence collected by the Observatory 'The approach to finance and investments of Italian households'. The CONSOB Report, available on the institutional website, provides evidence on the financial knowledge, attitudes and investment choices of Italian financial decision-makers. The eighth edition is dedicated to investors and deepens knowledge of investment products and services, demand for financial advice, interest in sustainable investments and digitalised services, gender gap.

Seminar series

16 February 2023 Programme

2022 Report on investment choices of Italian households

Attitude towards financial planning of Italian households, Quaderno di finanza (Working Paper) no. 89

Slides by Paola Soccorso (CONSOB) [available only in Italian]

Slides by Marianna Brunetti (Università Roma Tor Vergata) [available only in Italian]

Slides by Nadia Linciano (CONSOB) [available only in Italian]

Video

7 February 2023 - Second day of the series of seminars: "Financial choices of Italian households - Knowledge, innovation and sustainability" entitled "Sustainable investments. Knowledge, attitudes and behaviours of Italian investors - VIII CONSOB Report"

CONSOB presents the seminar entitled Sustainable investments. Knowledge, attitudes and behaviours of Italian investors, which will be held on Tuesday, 7 February 2023, H. 3:00 to 5:00 PM, at the CONSOB Auditorium, Via C. Monteverdi 35, Rome.

Speakers include Chiara Mosca (CONSOB Commissioner), Lucia Alessi (Commissione Europea), Julien Mazzacurati (ESMA), Giovanni Petrella (Università Cattolica del Sacro Cuore, Milano), Nadia Linciano, Daniela Costa and Monica Gentile (CONSOB Studies Division). The event program will be available soon.

The event is part of the series of meetings dedicated to Financial choices of Italian households - Knowledge, innovation and sustainability based on the evidence collected by the Observatory 'The approach to finance and investments of Italian households'. The CONSOB Report, available on the institutional website, provides evidence on the financial knowledge, attitudes and investment choices of Italian financial decision-makers. The eighth edition is dedicated to investors and deepens knowledge of investment products and services, demand for financial advice, interest in sustainable investments and digitalised services, gender gap.

Seminar series

7 February 2023 Programme

2022 Report on investment choices of Italian households

Paper no. 3 Finanza sostenibile (Sustainable finance series) [available only in Italian]

Speech by Consob Commissioner Chiara Mosca [available only in Italian]

Slides by Monica Gentile (CONSOB) [available only in Italian]

Slides by Daniela Costa (CONSOB) [available only in Italian]

Slides by Julien Mazzacurati (ESMA)

Slides by Lucia Alessi (Commissione Europea)

Slides by Giovanni Petrella (Università Cattolica Milano) [available only in Italian]

Slides by Nadia Linciano (CONSOB) [available only in Italian]

Video

26 January 2023 - First of the cycle of seminars: "Financial choices of Italian households - Knowledge, innovation and sustainability" - Evidence from the eighth CONSOB Report

CONSOB presents a series of seminars entitled Financial choices of Italian households - Knowledge, innovation and sustainability, based on the evidence gathered by the Observatory 'The approach to finance and investments of Italian households'.

The first seminar, Investment choices of Italian households. Evidence from the eighth CONSOB Report, will be held on Thursday 26 January 2023, H. 10:00 to 11:30 am.

Speakers include Paolo Savona (President of CONSOB), Riccardo De Lisa (University of Cagliari), Nadia Linciano and Monica Gentile (CONSOB Research Department).

The Report provides evidence on the financial knowledge, attitudes and investment choices of Italian financial decision makers. The eighth edition, which will be available on the CONSOB website at the end of the seminar, is dedicated to investors and deepens knowledge of investment products and services, demand for financial advice, interest in sustainable investments and digitalised services, gender gap.

Seminar series

26 January 2023 Programme

2022 Report on investment choices of Italian households

Speech by President of Consob Paolo Savona [available only in Italian]

Presentation by CONSOB [available only in Italian]

Video

12 December 2022 - Seminar "A financial education lesson with the Edufin Committee and Roma TRE"

CONSOB, the Committee for the planning and coordination of financial education activities and the Roma TRE University are organizing the event "A financial education lesson with the Edufin Committee and Roma TRE", on Monday 12^th December 2022, H. 3.00 to 5:00 pm, in the Thesis Room and Aula Magna of the School of Economics and Business Studies of Roma TRE, Via Silvio D'Amico, 77 - Rome.

Poster

31 October 2022: Conference "The importance of behavioral finance for the new generations"

On Monday 31 October from 11:00am to 1:00pm the conference "The importance of behavioral finance for the new generations", organized by CONSOB in collaboration with the Italian Association of Financial Educators, will be held.

During the event, the speakers will illustrate the basic elements of behavioral finance and the significance of financial education, also recalling the historical case-study of the tulip bubble. The event will be visible on www.twitch.tv/convegno .

28 October 2022 and 14 November 2022 - Two-day seminar cycle on "Financial supervision and sanctioning system"

The National Commission for Companies and the Stock Exchange (CONSOB), in collaboration with Bocconi University, organizes the first seminar of the cycle on "Financial supervision and sanctioning system". The cycle will be distributed in two days: the first day on 28 October 2022 H. 10.00 am to 1:00 pm, about "Systematic Profiles", the second on 14 November H. 9.30 am to 1.30 pm, about "Substantial Profiles".

On 28 October, after the institutional greetings of the President of Consob, Paolo Savona, the following speeches will follow:
- Simone Alvaro (Consob): "Sanctions and Consob sanctioning procedure"
- Marino Perassi (Bank of Italy): "Sanctions and sanctioning procedure of the Bank of Italy/ECB"
- Miriam Allena (Bocconi University): "Administrative law profiles of the sanctioning system"
- Simone Lonati (Bocconi University): "Double track and European Law"
- Francesco Viganò (Bocconi University and Constitutional Court): "Constitutional limits to ne bis in idem"
- Elena Bindi (University of Siena): "Comparative profiles of sanctioning procedures and potential reforms."
Marco Ventoruzzo (Bocconi University) will close the first day.

The event will be streamed at the following link: https://youtu.be/fB3zsaad7e8.

* * *

On 14 November, the second day will be opened by the Consob Commissioner, Chiara Mosca; the works will be moderated by Piergaetano Marchetti (Bocconi University), with the interventions of:
- Carlo Milia (Consob) and Marco Ventoruzzo (Bocconi University): "Market Abuse Regulation"
- Francesca Fiore (Consob) and Andrea Zoppini (Roma Tre University): "Sanctions and RPT discipline"
- Marcello Bianchi (Assonime) and Mario Notari (Bocconi University): "Sanctions on corporate governance"
- Salvatore Providenti (Studio Carbonetti): "System and application considerations in the light of practical experience"
- Stefano Vincenzi (Mediobanca): "Financial activity and sanctions: a brief comparative overview."
Francesco Mucciarelli (Bocconi University) will close the second day.

The event will be streamed at the following link: https://youtu.be/qt5JU_xmsak.

Poster

Speech by President of Consob Paolo Savona

24 October 2022 - "Conference on "Civil Justice Reform and out-of-court protection: which opportunities for citizens and businesses? "

On 24 October 2022 at 2.30 pm, the Securities and Financial Ombudsman (ACF), the Faculty of Economics of Sapienza University of Rome and ANSPC (National Association for the Study of Credit Problems) organize a conference with the purpose of analyzing in depth the tools available, now and in the future, to citizens and business following the Civil Justice Reform and the out-of-court dispute resolution tools, with a specific focus on the alternative dispute resolution systems from the banking, financial and, eventually, insurance viewpoint.

After the institutional greetings of the President of Consob, Professor Paolo Savona, a speech by Professor Domenico Siclari (Sapienza University of Rome) about "Out-of-court protection in the banking, financial and insurance fields: problems and prospects" will follow.

Subsequently, a Roundtable coordinated by Filippo Cucuccio (Director General - ANSPC) will be held, with the participation of Gianpaolo E. Barbuzzi (President – ACF), Magda Bianco (Bank of Italy), Stefano De Polis (IVASS), Renato Finocchi Ghersi (Court of Cassation) and Rinaldo Sali (Arbitration Chamber of Milan).

Final greetings by Guido Alpa (Professor Emeritus of Civil Law - Sapienza University of Rome).

The event will be available in streaming, upon registration at the following link: /web/consob-and-its-activities/enrollments. The link to follow the live broadcast on YouTube is the following: https://youtu.be/MGFflWRg-1M.

Poster

14 October 2022 - Conference on "Independent Authorities, anti-corruption and whistleblowing: the open issues" - Master in anti-corruption - VII Edition 2021-2022

Consob, the Antitrust Authority (AGCM) and the University of Rome Tor Vergata, are organizing a seminar entitled "Independent Authorities, anti-corruption and whistleblowing: the open issues", to be held on Friday 14 October 2022, from H. 9:30 a.m. to 13:00 p.m. at the Consob Auditorium, Via C. Monteverdi 35, Rome.

Roberto Rustichelli, President of the Antitrust Authority (AGCM), will open the meeting.

Speakers:

Elisabetta Iossa; AGCM member;

Vittorio Capuzza, Head of the Legal Office at CRUI/ University of Tor Vergata;

Emiliano Di Carlo, Director of the Anti-corruption Master, University of Tor Vergata.

A round table will follow, moderated by Filippo Cucuccio, Director General of ANSPC, with the participation of: Renato Catalano, Secretary General of ANAC; Giulietta Gamba, Secretary General of Agcom; Fabio Mattei, Secretary General of the Data Protection Authority; Maria Antonietta Scopelliti, Secretary General of Consob; Guido Stazi, General Secretary of the Antitrust Authority, Gian Luca Trequattrini, General Officer and Head of Ethics and the Prevention of Corruption of the Bank of Italy.

The event will be concluded by Giuseppe Busia, President of ANAC.

It will be possible to follow the event on Zoom: https://zoom.us/my/aulamac .

Event program with information for registration and streaming.

13 October 2022 - Seminar CONSOB and LUISS Guido Carli: "Financial regulatory and supervisory authorities facing the Metaverse"

CONSOB in collaboration with Luiss organised the seminar entitled "Financial regulatory and supervisory authorities facing the Metaverse" which will be held on Thursday 13 October 2022 from 10 a.m. to 1 p.m..

The opening greetings will be by Prof. Alessandro Zattoni, Head of the Department of Business and Management, Luiss Guido Carli University. The proceedings will be opened by Prof. Paolo Savona, CONSOB President, followed by a speech by Caroline D. Pham, Commissioner of the US Commodity Futures Trading Commission.

To attend the seminar in streaming, please click on the following link: https://youtu.be/3jipredWqVw.

Poster

Speech by President of Consob Paolo Savona

13 October, 3:30 pm-5:00 pm - Overruns. Institutions and Bodies for the "possible futures" of Generation Z

"Build today what matters for your future" – Moment of reflection on the skills needed to make informed (financial) choices.

Conference organized by CONSOB in collaboration with USR Lombardia, Bank of Italy-Milan office-EduFin Milan, FeDUF, Feltrinelli Foundation

The participation is open to the public upon registration: EDUFIN.MILANO@bancaditalia.it

Poster

7 October 2022 - Presentation of the IV CONSOB Report on the non-financial reporting of Italian listed companies

On 7 October, H. 10:30 AM to 12:00 PM, the IV CONSOB Report on the non-financial reporting of Italian listed companies will be presented.

The Report, available on the CONSOB website, offers an analysis of the non-financial reporting of Italian listed companies, following the application of the Legislative Decree 254/2016 transposing Directive 2014/95/EU.

Chiara Mosca, CONSOB Commissioner, will open the meeting.

Participation is free, but online registration is welcome: /web/consob-and-its-activities/enrollments.

The event will be streamed; the link will be sent near the event to all the registered people.

- Presentation by CONSOB (N. Linciano, G. Di Stefano, I. Fabbiani)

- Presentation Addendum Prof. M. La Torre

Programme

6 October 2022 - webinar "Sustainable Finance and Investor Education and Protection"

As part of the World Investor Week (Wiw 2022) , Thursday 6 October, H. 1:00 p.m., Consob and the Brazilian Comissão de Valores Mobiliários (CVM) organize a webinar on "Sustainable Finance and Investor Education and Protection", curated by Pasquale Munafò (Consob) and Daniela Baccas (Comissão de Valores Mobiliários - Cvm). Please register at the following links: (Iosco members) or (non-members).

5 October 2022 - Conference: "Managers and investments. Culture, propensity and experience of Italian managers in relation to investments and finance"

On 5 October 2022, Consob will participate in the streaming meeting promoted by the Ministry of Economy and Finance, organized by Manager Italy and dedicated to "Managers and investments. Culture, propensity and experience of Italian managers in relation to investments and finance", organized at Palazzo Altieri, Piazza del Gesù, 49, Rome. The same event will be replied on 26 October 2022 in Milan. For accreditation, please call the number: +39.06.32694813.

5 October 2022 - Consob Seminar: "From planning to saving to investment. A path of awareness"

On 5 October 2022, at 10:00, the LUMSA University will host the Consob seminar "From planning to saving to investment. A path of awareness", during which, drawing inspiration from the evidence of Consob research, essential issues will be explored in order to adopt informed financial choices; it is possible to participate in streaming at the seminar through the following link.

Poster

The seminar will also be repeated at the University of Bergamo on 6 October 2022, at 2.30pm.

Poster

5 October 2022 - Webinar: "Possible futures between solidarity and responsibility. Dialogue on the role of sustainable finance for a world fit for new generations"

On 5 October 2022, at 4:00 pm the sustainable finance webinar on "Possible futures between solidarity and responsibility. Dialogue on the role of sustainable finance for a world fit for new generations", will be held. The webinar is promoted by Consob and the Bank of Italy as part of the Forum for Sustainable Finance. It will be discussed how investments attentive to environmental, social and governance (ESG) sustainability can support the ecological transition towards a low-emission and more inclusive society.

Poster

5-6-12-13 October 2022 - Four meetings dedicated to "Digital Innovation and Sustainability: a look beyond the opportunities. A journey through risks, pitfalls and dangers"

From 5 October 2022, a cycle of four meetings dedicated to "Digital Innovation and Sustainability: a look beyond the opportunities. A journey through risks, pitfalls and dangers" will be launched, promoted by Consob in collaboration with the Department of Law Aldo Moro of the Bari University of Studies (Direction and Scientific Coordination: Prof. Maria-Teresa Paracampo) and with Il Sole 24 Ore as Media Partner.

During the meetings, the speakers will lead the participants (not exclusively university students) to reflect on the risks associated with digital innovation and sustainability (such as scams or greenwashing), to acquire a minimum awareness for the purposes of a correct and responsible use of technology; the four seminars will be:
- The "charm" of fin-influencers (5 October, 3.00 pm);
- Crypto of my desires ... who is the "smartest" in the realm? (6 October, 3:00 pm);
- Who took my data? (12 October, 3:00 pm);
- ESG or non-ESG? This is the dilemma! (13 October, 3:00 pm).
Cycle of financial education seminars

3 October 2022 - Financial information and investment decisions in the Digital Age. Financial communication: old and new media for intergenerational financial education

Consob, University of Milan (Department of International Legal and Historical Political Studies) and Confassociazioni Banca e Finanza organize an event entitled "Financial information and investment decisions in the Digital Age. Financial communication: old and new media for intergenerational financial education". The event will take place on 3 October 2022, H. 3:00 p.m. in the context of the Financial Education Month - fifth edition (#OttobreEdufin2022) - an initiative promoted by the Committee for planning and coordination of financial education activities (Edufin Committee) of which Consob is also a member. From 1 to 31 October 2022 the Financial Education Month will bring throughout Italy many events that will put the issues of financial, insurance and social security education at the heart of the attention of the Italians.

A conference whose purpose is to examine and illustrate the close relationship between communication and financial information, with particular emphasis for the relevance of the topic among the different generations.

During the event, the following topics will be covered:
- Stock exchange and markets at the time of social media (Manlio Pisu - Head of the Consob Press Office);
- New media and financial reputation (Angelo Deiana, President of Confassociazioni);
- The role of communication and social media in investment decisions (Allegra Canepa, Department of International Legal and Historical Political Studies, University of Milan);
- From push/pull to on-life financial communication: the necessary updating of intergenerational software (Paolo Maggini, Consob);
Giovanni Seu, journalist and head of media relations, coordinates the speeches.

The event will take place online on the YouTube channels of Consob and Confassociazioni and on www.twitch.tv/convegno.

Poster

3 October 2022 - Rerun of the performance "Watch for scams! Finance on stage"

As part of the World Investor Week (WIW), on 3 October 2022, at 1.30 pm, at the Polytechnic University of Marche, a rerun of "Watch for scams! Finanza in Palcoscenico" will be held. This edutainment project, by Nadia Linciano, Massimo Giordano, Paola Soccorso and Daniela Costa (Consob) illustrates the mechanisms to be aware of and the safety measures to be taken not to be victims of a scam; the event can also be followed in streaming, through the following link.

Poster

1 October 2022 - Inauguration of the Month of Financial Education

On 1 October, at 10:00 am, the Month of Financial Education will open with the inauguration at the Auditorium Biagi Sala Borsa of the Municipality of Bologna. Nadia Linciano (Consob) will participate to the event, together with representatives of the Bank of Italy, Covip and Ivass. The event will also be available in streaming on the YouTube channel of the University of Bologna. During the event, academics, representatives of local institutions and schools, entrepreneurs and experts will animate the debate on the theme of this edition "Build today what matters for your future". Inflation and the options which are available to savers to face today's uncertainties and challenges will be discussed in the specific, with the intervention of Massimo Rostagno, director general for monetary policy of the European Central Bank (ECB), and of the members of the Edufin Committee, directed by Anna Maria Lusardi. "Thanks to the dialogue between universities and local and national institutions, the Month of Financial Education has succeeded to reach the territories, communities and squares over the years. The crisis - says Lusardi - teaches us that we must reconsider the future in an inclusive way, starting from people's needs.

Financial education is an extraordinary instrument to build the future not only at the individual, but at a collective level. As every year, the Month opens with the World Investor Week (WIW). Insurance Education Day, 19^th October, and Welfare Education Week, 24^th to 30^rd October, are back, too.

The calendar of the 2022 Month of Financial Education, always updated, is available on the portal of the QuelloCheConta Committee and on the Facebook profile of the @ITAedufin Committee.

The Committee for the planning and coordination of financial education activities has the task of planning and promoting initiatives to raise awareness and financial education to improve in a measurable way the skills in the field of savings, investments, social security, insurance.

The Committee, directed by Professor Annamaria Lusardi, is composed of: Ministry of Economy and Finance, Ministry of Education, Ministry of Economic Development, Ministry of Welfare and Social Policies, Bank of Italy, Consob, Covip, Ivass, Ocf, National Council of Consumers and Users.

Poster

30 September 2022 - Webinar dedicated to "Artificial Intelligence, asset and wealth Management"

As part of the seminar cycle dedicated to the New Frontiers in Financial Markets and Regulation, Consob and the Faculty of Economics of the Sapienza University of Rome announce the new webinar entitled "Artificial Intelligence, asset and wealth management" to be held on Friday, 30 September 2022 (H. 10:00-12:00).

After the institutional greetings by the Consob Commissioner Carlo Comporti and Fabrizio D'Ascenzo (Dean, Faculty of Economics, Sapienza University), Marina Brogi (Sapienza University) will introduce the works and Nadia Linciano (Consob) will draw the final conclusions.

The following works will be presented during the webinar:
- Robo-Advising: Less AI and More XAI? by M. Bianchi and M. Brière - Discussant: Diana Capone (IVASS);
- Artificial Intelligence in asset and wealth management, by N. Linciano, V. Caivano, D. Costa, P. Soccorso, T.N. Poli, G. Trovatore (CONSOB) - Discussant: Andrea Paltrinieri (Catholic University).
To participate in the webinar click on this link.

Programme

Program of the cycle of Consob-Sapienza seminars 2021-2022

Introductory speech by Alp Eroglu (IOSCO)

Robo-Advising: Less AI and More XAI? by M. Bianchi and M. Brière

Robo-Advising: Less AI and More XAI? - Presentation by M. Brière (Amundi)

Artificial intelligence in the asset management - Presentation by V. Caivano (Consob Research Department Economic Research Unit)

Consob FinTech Paper n. 9 - June 2022 - L'intelligenza artificiale nell'asset e nel wealth management

Video of webinar

23 September 2022 - Conference on Technological Developments in Company Law

On 23 September 2022 – H 2:00 to 4:30 PM, Consob, Assonime and the Department of Law of the Roma Tre University organize a conference to present the Consob Legal Journal no. 23/2022 entitled "Technological Developments in Company Law".

After the institutional welcoming addresses by the Consob Commissioner Carlo Comporti, Gianfranco Trovatore (Consob) will introduce the meeting.

The Reports by Marco Lamandini (University of Bologna), Andrea Guaccero (Roma Tre University), Niccolò Abriani (University of Florence) will follow. The debate will be moderated by Margherita Bianchini (Assonime), Gianfranco Cariola (Eni), Giorgio Resta (Roma Tre University) and Chris Thomale (Roma Tre University).

Conclusions by Andrea Zoppini (Roma Tre University).

The event will be held at the University Council Hall (Conference Room) of the Department of Law of the Roma Tre University, upon reservation at the address: centroferroluzzi@uniroma3.it.

It will be possible to follow the event by connecting online through the following link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_Yzg2MjM5MDAtMzBjMC00MjA5LWIxZGItMjNmYzUzNzI5MTZl%40thread.v2/0?context=%7b%22Tid%22%3a%22ffb4df68-f464-458c-a546-00fb3af66f6a%22%2c%22Oid%22%3a%2242d04429-cbb6-47c8-bd91-a9eb13ca6e9a%22%7d

Poster

23 September 2022: the European ESAs (Esma, Eba, Eiopa) organize the ninth Consumer Protection Day

On 23 September 2022, the three European Supervisory Authorities/ESAs (ESMA - European Securities and Markets Authority, Eba - European Banking Authority and Eiopa - European Insurance and Occupational Pensions Authority) jointly organize in Frankfurt the 9^th edition of the Consumer Protection Day ("Steering a new path: supporting consumers to meet today's and tomorrow's challenges"). The event wants to represent a guide for consumers in today's new financial context. A particular attention will be paid to topics such as sustainable and open finance and to financial inclusion. In fact, consumers today are faced with challenges, such as digitization or sustainability - which have led to a new approach to financial services – as well as the increase in the cost of living, which are influencing both choices and decisions of individual consumers.

Participation in Consumer Protection Day can be in person or online.

Programme

Education for sustainability: CONSOB/Bank of Italy path on sustainable finance at the ASviS Sustainable Development Festival (12 September 2022)

Consob and the Bank of Italy presented to the Consumer Associations a new training project on sustainable finance, which will involve the associates in October, during the Financial Education Month and the World Investor Week (WIW), organized by the International Organization of Securities Commissions (IOSCO). The two modules of the course, scheduled for 17^th and 19^th October 2022, will enrich the calendar of the Sustainable Development Festival promoted by the Italian Alliance for Sustainable Development (ASviS).

15 July 2022 - Webinar of the series of meetings dedicated to the new frontiers in financial markets and regulation, entitled "ICOs, Blockchain and DLT"

Consob and the Faculty of Economics of Sapienza University of Rome will hold a webinar of the series of meetings dedicated to the new frontiers in financial markets and regulation, entitled "ICOs, Blockchain and DLT", Friday, 15 July at 10:00 a.m.

The following papers will be presented at the seminar after institutional interventions:
- Initial coin offerings (ICOs): Why do they succeed? by José Campino (Instituto Universitario de Lisboa), Ana Brochado (Instituto Universitario de Lisboa), Álvaro Rosa (Instituto Universitario de Lisboa), discussant Valeria Stefanelli (Università del Salento);
- Identification of scams in Initial Coin Offerings with machine learning by Bedil Karimov (Warsaw University), Piotr Wójcik (Warsaw University), discussant Paola Cerchiello (Università di Pavia).
Speakers will include Paolo Ciocca (Consob Commissioner), Fabrizio D'Ascenzo (Dean of the Faculty of Economics, Sapienza University of Rome), Marina Brogi (Sapienza University of Rome), Claudia Guagliano (Esma) and Nadia Linciano (Consob).

Program

A Framework for Monitoring, Regulation and Oversight of Crypto-Assets: EU approaches

"Initial coin offerings (ICOs): Why do they succeed?" slides by Ana Brochado

"Initial coin offerings (ICOs): Why do they succeed?" by José Campino, Ana Brochado and Álvaro Rosa

"Identification of Scams in Initial Coin Offerings with machine learning" (slides) by Bedil Karimov and Piotr Wójcik

"Identification of scams in Initial Coin Offerings with machine learning" by Bedil Karimov and Piotr Wójcik

Video of the event

21 June 2022 - Annual Meeting of Consob with the financial market at the Italian Stock Exchange - Palazzo Mezzanotte

The usual Annual Meeting of Consob with the financial market was back in presence. After two years in which the event was held at a distance, on the web, in compliance with anti-COVID regulations, this year, for the first time since 2019, Consob made use of the formula of the meeting in presence. The event took place today, Tuesday 21^st June at 11:00 AM at Palazzo Mezzanotte, the historic headquarters of the Italian Stock Exchange.

Speech to the financial market by the Chairman Prof. Paolo Savona [The English version will be available in the next days]

Slides of the Speech by the Chairman Prof. Paolo Savona [The English version will be available in the next days]

Annual Report 2021 [The English version will be available in the next days]

Video of the event [the speech of the Chairman Prof. Savona begins at 11:11 minutes of the video]

Conference of 30^th May 2022, H. 10:00 - 12:00 A.M. - "Corporate governance in the age of transition"

On 30^th May CONSOB, the Italian Committee for Corporate Governance and Assonime presented the conference on 'Corporate governance in the age of transition'.

Daniele Franco (Minister of Economy and Finance) opened the meeting. This has been followed by speeches by Paolo Savona (President of CONSOB), Lucia Calvosa (President of the Italian Corporate Governance Committee) and Patrizia Grieco (President of Assonime). Carmine Di Noia (Director of the DAF in OECD) will conclude the conference.

During the conference, the following have been presented:
- the Consob Report on Corporate Governance of Italian Listed Companies, which provides evidence on ownership structures, corporate bodies, meetings and related-parties transactions; now in its 10^th edition, the 2021 Report contains the usual in-depth analysis on the gender diversity of corporate bodies and, for the first time, an analysis of the skills in matters of sustainability and digitalization of the directors of medium-large listed companies;
- the Report of the Italian Committee for Corporate Governance, which assesses the state of implementation of the Corporate Governance Code and makes some recommendations to companies for its more effective application;
- the Assonime-Emittenti Titoli Report, which provides an in-depth analysis of the corporate governance of Italian listed companies following the indications of the Corporate Governance Code.
Program

Introduction speech by Daniele Franco, Minister of Economy and Finance

Presentation by Nadia Linciano, Head of Consob Research Division

Presentation by Marcello Bianchi, Deputy Director General of Assonime

Presentation by Alessandro Chieffi, Secretary of the Italian Corporate Governance Committee

Speech by Paolo Savona, President of Consob

Speech by Lucia Calvosa, President of the Italian Corporate Governance Committee

Speech by Patrizia Grieco, President of Assonime

Concluding speech by Carmine Di Noia, Director of the DAF in OECD

Video of the conference

Eureka!2 - Digital frontiers: a new cycle of Consob webinars

Starting from the next 3^rd of May, a new edition of the "Consob - Eureka" webinar cycle will be held on the topics of artificial intelligence applicable to the field of regulation and supervision of financial markets.

Six appointments, from 4:00 to 5:00 p.m., will be introduced by the President of Consob, Paolo Savona. Some of the leading experts in the field will focus on the potential of digital sphere with the aim of identifying innovative tools that simplify and improve activities of regulators, supervisors and political decision makers.

A debate between professionals, inspired by Archimedes, trying to reach their Eureka!

The calendarized events :
- 3^rd May "Dialogue on the Infosphere with professor Paolo Savona", held by professor Luciano Floridi;
- 16^th May "The parable of the creative ignorance told to an inventor" held by professor Pietro Formica;
- 30^rd May "Decision methods and Explainable AI" held by professor Gianluigi Greco;
- 13^th June "The new European regulation of the digital economy" held by professor Luisa Torchia;
- 27^th June "The quantum Internet: the next ICT revolution" held by professors Angela Sara Cacciapuoti and Marcello Caleffi;
- 11^th July "How will we get out of the systemic tangle we are going through: with the power of our mind or that of our genes?" held by professor Mario Rasetti.
To participate in the event of 11^th July 2022 connect through this link.

Poster

1^st April 2022 - second seminar of the academic seminar series dedicated to "New frontiers in financial markets and financial regulation", entitled Climate risk and ESG factors

The Faculty of Economics of Sapienza University of Rome and CONSOB have organised the second seminar of the academic seminar series dedicated to "New frontiers in financial markets and financial regulation", entitled Climate risk and ESG factors, which will be held in webinar format on Friday 1^st April from 10:00 to 12:00 am.

The following papers will be presented during the seminar:
- Dissecting Climate Risks: Are they Reflected in Stock Prices? by Renato Faccini (LSE), Rastin Matin (Denmark Central Bank), George Skiadopoulos (Piraeus University);
- Be good to be wise: ESG awareness as a potential credit risk mitigation factor, by Marina Brogi (Sapienza University of Rome), Valentina Lagasio (Sapienza University of Rome), Pasqualina Porretta (Sapienza University of Rome).
Here you will find the hyperlink to participate in streaming at the event.

Seminar program

Speech by Chiara Mosca, Consob Commissioner

Presentation by George Skiadopoulos, Piraeus University

Presentation by Valentina Lagasio, Sapienza Università di Roma

Presentation by Lucia Alessi, Joint Research Centre, Commissione Europea: "The EU strategy for financing the transition to a sustainable economy

Video of the webinar

24 March 2022, H. 2:00 pm - Assoreti - Green Generation: Investing in #Sustainability

"Green Generation: Investing in #Sustainability" On 24 March, H. 2:00 pm, the third appointment of the #ESG education project promoted by #Assoreti and ASSORETI Formazione Studi e Ricerche kicks off together with the Enel Foundation. With the aim of raising awareness among young people on the importance of sustainable development, the seminar - hosted by the University of Rome Tor Vergata - Economia Tor Vergata and open to the public in streaming mode (https://lnkd.in/d34SvwuE) - will address the issue of the value of finance in the transition to #greeneconomy. The topics - from regulatory compliance for Intermediaries to policies, tools and projects useful for defining the correct sustainable transition path - will be explored through the participation and testimonies of Assoreti, Assoreti Formazione, Enel Group and Enel Foundation and of the Institutions, Consob and Bank of Italy, but also of the professors of the University of Tor Vergata.
For the detailed program, see: https://lnkd.in/dudNTfAF

Poster event of 24 March 2022

Global Money Week: free initiatives and events on financial education from 21 to 27 March 2022

Consob participates in the Global Money Week (GMW) the annual international event promoted by the OECD with the aim of raising awareness among young people from pre-school age on the importance of acquiring the knowledge, skills and behaviours necessary to make financial decisions consistent with their needs and possibilities.

Since its launch in 2012, the event open to organisations, schools, companies and associations wishing to promote free initiatives and events on financial education has reached over 50 million young people in 176 countries.

Since 2021, the Committee for planning and coordination of financial education activities has been coordinating this initiative for Italy.

The theme of the 2022 edition that will take place from 21 to 27 March 2022, is "Build your future, be smart about money".

The events organised by Consob on the calendar include:
- "Beware of scams!" on 25 March from 1 p.m. to 3 p.m. in collaboration with the Polytechnic University of Marche, Feduf and BPER Banca. The actor Massimo Giordano plays Charles Ponzi, who became famous for having created on a large scale a scheme of fraud still known today by his name. Daniela Costa and Paola Soccorso (Consob) illustrate the psychological mechanisms to be aware of and the precautions to be taken to avoid becoming victims of a scam. Valerio Temperini (Polytechnic University of Marche), Monica Rivelli (Feduf) and Giuseppe Marco Litta (Bper Banca) will also speak. The event, reserved for students of the Institutes involved in the financial education project, is in person and on a digital platform;
- the seminar on 22 March at 3 p.m., organized by Consob, with the University of Milan (Department of International Legal and Historical-Political Studies), the University of Sassari (Department of Economic and Business Sciences - Disea) and the Italian Association of Lazio Trainers on the theme "The financial future of generation Z. The approach to investment in the aftermath of the pandemic". The following will take part in the meeting, coordinated by Giovanni Seu (journalist and head of media relations): Allegra Canepa (Department of international legal and historical-political studies of the University of Milan) on the theme "Investment at the time of generation Z between influencers and social media"; Monica Cossu (Department of Economic-Business Sciences – Disea of the University of Sassari) on the theme "Generation Z and financial education"; Stefano Cera (Italian Association of Lazio Trainers) "Tools for a digital financial education"; Paolo Maggini (Consob) with "The story of a training experience with generation Z". The event will be broadcast online on Consob's YouTube channel and on www.twitch.tv/convegno.
For further information, consult the portal economy for all and the website www.quellocheconta.gov.it.
- Calendar of all events (only in Italian)
Press release (only in Italian)

Poster event of 22 March 2022

Poster event of 25 March 2022

Video event of 22 March 2022

4^th March 2022 - Consob/Politecnico di Milano seminar: "NFT and MICAR: opportunities and risks"

The world of finance is experiencing a profound transformation due to the evolution of legislation, technology and growing competition. For this reason, Consob and the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano have organized a series of seminars with the aim of studying the main challenges posed by Blockchain technologies.

The sixth and last seminar of the course will be held on 4 March 2022 H. 11.00 to 13.00 and will be entitled: "NFT and MICAR: opportunities and risks".

During the meeting, the theme of NFTs will be explored. Within the event, the opportunities and risks introduced by these new tools will be discussed in details.

As for the previous appointments, this event will also represent an important opportunity for direct confrontation among the main players and experts in the field. In fact, it will be possible to interact with the speakers through specific Q&A sessions.

The event includes (H. 11.00) the opening greetings from Paolo Savona (Consob Chairman) and Paolo Ciocca (Consob Commissioner). Two working sessions will follow, moderated by Alberto Magnani (Journalist, IlSole24Ore).

In the first session (H. 11.10) the topic will be discussed with Irene Tagliamonte (Consob), Jan Ceyssens (Head of Digital Finance Unit, European Commission) and Massimiliano Sala (Director of the Cryptography Laboratory of the University of Trento).

In the second session (H. 11.55) the topic will be discussed with Jacopo Fracassi (Blockchain & Distributed Ledger Observatory Researcher), Valeria Portale (Blockchain & Distributed Ledger Observatory Director) and Matteo Fedeli (Music Division Director, SIAE).

The final greetings (H. 12.30) are by Paolo Ciocca (Consob Commissioner) and Valeria Portale (Director, Blockchain & Distributed Ledger Observatory).

The seminar is available in streaming for free, upon registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/crypto-asset-profili-societari-nuove-soluzioni-governance-webinar.

Poster

Video of the event

4^th February 2022 - Consob/Politecnico di Milano seminar: "Crypto asset: tax and anti-money laundering profiles"

The world of finance is experiencing a deep transformation, driven by regulatory and technological evolution and increasing competition. This is the reason why Consob and the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano organize a series of seminars to examine the main challenges set by Blockchain technologies. On 4^th February 2022 – H. 11.00 to 13.00 the fifth seminar of the cycle will be held, with the title of "Crypto asset: tax and anti-money laundering profiles".

The event is introduced (H. 11.00) by the opening address by Paolo Ciocca (Consob Commissioner). Two working sessions are subsequently planned, both moderated by Pierangelo Soldavini (Journalist, IlSole24Ore).

In the first session (H. 11.10) the topic is discussed with Cristina Di Biase (Consob), Cristiana Schena (Full Professor of Financial Markets and Asset Management, University of Insubria), Ranieri Razzante (Professor of Financial Intermediation and Anti-Money Laundering Legislation, University of Bologna and Cybersecurity Advisor to the Undersecretary of Defense) and Gabriele Escalar (Lawyer, Escalar and Associates)

In the second session (H. 12.00) the topic is discussed with Jacopo Fracassi (Researcher, Blockchain Observatory & Distributed Ledger), Raffaele Russo (Fellow, Amsterdam Center for Tax Law - University of Amsterdam), Caroline Malcolm (Head of Policy, Chainalysis) and Martin Erhold (Public Policy Lead, Bitpanda).

The final greetings (H. 12.50) are by Valeria Portale (Director, Blockchain & Distributed Ledger Observatory).

The seminar is available in streaming for free, upon registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/.

The calendar of (free) seminars includes the following, and last, meeting:
- Crypto-asset: company profiles and new governance solutions (4^th March 2022, H. 11.00 - 13.00).
Further information on the seminars can be requested from: micarseries@consob.it .

Poster

Video of the event

14 January 2022 - Consob/Politecnico di Milano Seminar. MiCAr: De.Fi. and new business models

Consob and the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano organize a series of free seminars to explore the main challenges posed by Blockchain technologies and the deep transformation of finance, driven by regulatory and technological evolution and increasing competition.

The fourth seminar of the course, about MiCAr: De.Fi. and new business models, will be held on 14 January 2022 - H. 11.00 to 13.00, in online streaming mode.

The meeting will allow to learn in depth the new business models linked to Markets in Crypto-Asset regulation (MiCAr). In the same event the topic of custodial wallets and other service providers involved in the management of crypto-assets will be analysed in details. A further theme for discussion will relate to how the phenomenon of Decentralized Finance (DeFi) has given rise to new business models in the financial markets. Finally, the opportunity to interact with the speakers through specific Q&A sessions will be given.

The event is introduced (H. 11.00) by the opening addresses by Paolo Savona (Consob President) and Paolo Ciocca (Consob Commissioner). Two working sessions are subsequently planned, both moderated by Pierangelo Soldavini (Journalist, IlSole24Ore). In the first (H. 11.00) they discuss the topic with Mauro Bellofiore (Head of the Regulatory Office, Consob), Marina Brogi (Full Professor of International Banking and Capital Markets, Sapienza University of Rome), Claudia Biancotti (Deputy Head of the Emerging Economies and World Trade Division, Bank of Italy) and Valeria Falce (Full Professor of Economic Law, European University of Rome). In the second (H. 12.00) they discuss the topic with Francesco Bruschi (Director, Blockchain & Distributed Ledger Observatory), Marco Giorgino (Scientific Manager, Fintech & Insurtech Observatory), Michele Federici (Head Blockchain Engineering, SEBA BANK) and Emilio Frangella (Lead Smart Contract Engineer, AAVE). The final greeting (H. 12.50) is by Valeria Portale (Director, Blockchain & Distributed Ledger Observatory).

The seminar is available in streaming for free, upon registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/pilot-mifid-sperimentazione-infrastrutture-mercato-webinar .

The calendar of free seminars includes the following forthcoming appointments:
- Crypto-assets: tax and anti-money laundering profiles (4 February 2022, H. 11.00 - 13.00);
- Crypto-assets: company profiles and new governance solutions (4 March 2022, 11.00 - 13.00).
Further information about the cycle of seminars can be requested to: micarseries@consob.it.

Program

Video of the event

11 January 2022, 11:00 am – 12:15 am - Presentation of the seventh Report Consob on Financial Investments of Italian households

CONSOB presents the 7^th edition of the Report on Investment Choices of Italian Households, which focuses on savers' attitudes towards socially responsible investments, digitalised investment services and cryptocurrencies, whilst offering evidence on financial knowledge and attitudes and investment choices. The Report will be published on the Consob website after the presentation.

Paolo Savona (CONSOB Chairman) will open the proceedings. The keynote speech by Ugo Bassi (European Commission) and the presentation of the 2021 Report by Nadia Linciano, Valeria Caivano, Monica Gentile and Paola Soccorso (CONSOB) will follow. Carmine Di Noia (CONSOB Commissioner) concludes.

Participation is free. For organizational reasons, please register online at /web/consob-and-its-activities/enrollments.

The event will be streamed on the GoToMeeting platform; the link for connecting will be delivered near the event to the registered persons.

Program

10 December 2021 - Consob/Politecnico di Milano Seminar: PILOT MiFID: experimentation on market infrastructure

The third seminar of the course organized by Consob and the Blockchain & Distributed Ledger observatory of the Politecnico di Milano will be held on 10 December - H. 11.00 to 13.00 to explore the main challenges posed by Blockchain technologies and the profound transformation of finance, driven by evolution legislation and technology and growing competition. The title is: "Pilot MiFID: experimentation on market infrastructures".

The meeting will allow for an in-depth study of the pilot regime introduced for distributed Ledger trials within MiFID. In particular, its impact on trading and post trading profiles and the potential technological and supervisory implications will be discussed. The event will also be an important opportunity for live debate among the main players and experts in the sector. In fact, it will be possible to interact with the speakers through specific Q&A sessions. The Seminar will be available in streaming for free.

The event is introduced (H. 11.00) by the opening address by Paolo Ciocca (Consob Commissioner).

Two working sessions are subsequently planned, moderated by Pierangelo Soldavini (Journalist, IlSole24Ore). In the first (H. 11.00) they discuss the topic with Maria Tecla Rodi (Post Trading Office, Consob), Antonella Sciarrone Alibrandi (Vice Rector of the Catholic University and Full Professor of Economic Law), Paola Fico (Head of Italy Regulation, Borsa Italiana) and Fabrizio Pianta (Head of the Markets and Data Reporting Department, ESMA). In the second (H. 12.00) they discuss the issue with Giacomo Vella (Director, Blockchain & Distributed Ledger Observatory): Simona Serio (Market Infrastructure Supervision Office, Consob), David Durouchoux (Deputy CEO, Forge, Société Générale) and Simone Cortese (Director of Product Management, Fnality).

The final greeting (H. 12.50) is by Valeria Portale (Director, Blockchain & Distributed Ledger Observatory).

The seminar is available in streaming for free, upon registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/pilot-mifid-sperimentazione-infrastrutture-mercato-webinar

The forthcoming calendar of seminars includes the following appointments, all available for free:

• MiCAr: De.Fi. and new business models (14 January 2022, H. 11.00 - 13.00);

• Crypto-assets: tax and anti-money laundering profiles (4 February 2022, H. 11.00 - 13.00);

• Crypto-assets: company profiles and new governance solutions (4 March 2022, 11.00 - 13.00).

Further information on the cycle of seminars can be requested from: micarseries@consob.it

Program

Video of the event

23 November 2021 - CONSOB, Sapienza University of Rome and ANSPC conference on the first five years of operation of the Arbitrator for Financial Disputes (AFD)

Consob, together with Sapienza University of Rome and ANSPC (National Association for the Study of Credit Problems), organizes next 23 November, from 2.30 pm, at the Graduation Room of the Faculty of Economics of Sapienza, a conference entitled "The first five years of operation of the Arbitrator for Financial Disputes (AFD) - For a renewed role of Alternative Dispute Resolutions (ADR) in the financial markets". The conference will be an opportunity to make an assessment of the activities carried out by the AFD in these five years and a reflection as well on the role of ADR mechanisms and procedures.

After the institutional greetings by Prof. Giovanni Di Bartolomeo (Director of the Department of Economics and Law, Sapienza University of Rome) and Prof. Paolo Savona (CONSOB President), the conference program includes the interventions of Dr. Gianpaolo E. Barbuzzi (AFD President) "5 years of AFD: 'an open challenge'" and Prof. Domenico Siclari (Sapienza University of Rome) "ADR systems in the banking and financial sector between judicial function, administration and supervision".

Subsequently, the Roundtable "For a renewed role of ADR in the financial markets" is planned, coordinated by Dr. Filippo Cucuccio (General Manager of ANSPC), with the participation of Dr. Magda Bianco (Bank of Italy), Dr. Stefano De Polis (IVASS), Dr. Antonio Pinto (Confconsumatori-Puglia), Dr. Rinaldo Sali (Arbitration Chamber of Milan), Prof. Giovanni Tartaglia Polcini (Ordinary Magistrate and University Professor) and Dr. Gianfranco Torriero (ABI). The conclusions are by Prof. Guido Alpa (Sapienza University of Rome).

For the program of the conference please make reference to the attached poster.

To partecipate online: clic here; To partecipate in presence please write to roberta.loconte@uniroma1.it.

Poster

12 November 2021 - Consob Seminar: Emerging risks in Cryptocurrencies, in collaboration with Sapienza University of Rome

CONSOB is organizing with the Faculty of Economics of Sapienza University of Rome the opening seminar of the series of seminars dedicated to new frontiers in financial and banking markets, entitled Emerging risks in Cryptocurrencies, which will be held on 12 November at 10:00 am.

The following works will be presented during the seminar: The destabilizing effects of cryptocurrency cybercriminality, Samuel Vigne (LUISS Guido Carli) and The cryptocurrency uncertainty index, Brian Lucey (Trinity Business School).

There will also be speeches by Paolo Savona (CONSOB President), Fabrizio D'Ascenzo (Dean of the Faculty of Economics, Sapienza University of Rome) and Marina Brogi (Sapienza University of Rome).

To attend the webinar please register here.

In the registration form, the fields 'first name' 'last name' and 'degree course' are compulsory (you can select 'other' in the drop-down menu); at the end of the registration process, a confirmation email will be sent with the link and instructions for participating in the streaming event.

Program

Introduction to the Conference by Prof. Paolo Savona

5 November 2021 - Consob/Politecnico of Milan Seminar: "MiCAr, implications for the primary and secondary market"

The second seminar of the series organised by Consob and the Blockchain & Distributed Ledger observatory of the Politecnico of Milan will be held on next 5 November from 11.00am to 1.00 pm, to explore the main challenges posed by the Blockchain technologies and the profound transformation of finance, driven by the evolution of legislation and technology and by the growing competition. The second meeting of the path has as its object "MiCAr, implications for the primary and secondary market".

The meeting will explore the subject of the Markets in Crypto-asset Regulation (MiCaR), a proposal for a European regulation that will have a major impact within the European market and in particular on the evolution of the crypto-asset sector, also constituting an important opportunity for direct discussion with the main players and experts in the sector. In fact, the interaction with the speakers through special Q&A sessions will be possible.

The event includes (11.00 am) the initial greetings of Paolo Ciocca (Consob Commissioner).

There will be then two working sessions, moderated by Vittorio Carlini (Journalist, IlSole24Ore). The participants of the first one (11.00am) will be Martina Tambucci (Head of the International Relations Office, Consob), Maria Rosaria Maugeri (Member of the Management Committee of the Higher School of the Judiciary and President of the Higher School of the University of Catania), Filippo Annunziata (Professor of Financial Market Law, Bocconi University Milan) and Pietro Sella (Chief Executive Officer and General Manager, Banca Sella).

The participans of the second one (12.00 pm) will be Laura Grassi (Director, Blockchain & Distributed Ledger Observatory), Diego Monorchio (Post Trading Office, Consob), Christian Miccoli (Co-founder & CEO, Coin) and Mariano Carozzi (Chairman, Young Platform).

The final greetings (12.50 pm) will be made by Valeria Portale (Director, Blockchain & Distributed Ledger Observatory).

The Seminar will be available in streaming free of charge, after registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/micar-implicazioni-mercato-primario-secondario-webinar which will allow the assignment of a personalized access to the event.

The calendar of the seminars (free of charge) includes the following events:
- "Pilot MiFid: experimentation on market infrastructures" (10 December 2021, at 11.00 am – 1.00 pm)
- MiCAr: De.Fi. and new business models (14 January 2022, 11.00 am – 1.00 pm)
- Crypto-asset: tax and anti-money laundering profiles (4 February 2022, 11.00 am – 1.00 pm)
- Crypto-asset: corporate profiles and new governance solutions (4 March 2022, 11.00 am – 1.00 pm)
Further information on the seminars can be requested at micarseries@consob.it.

Program

Video of the event

29 October 2021 (11.30-13.00): Financial Education in the Municipalities - A vision for the future - Closing event of the Financial Education Month and WIW

The fourth edition of the Financial Education Month, promoted by the Edufin Committee, and the fifth edition of the World Investor's Week, promoted by Consob, are drawing to a close.

The Municipal Theater of Novoli (LE) will host the closing event.

It will be possible to follow it in live streaming (https://stream.lifesizecloud.com/extension/11002281/54cbe14b-1224-484b-80ca-4367c5d99d6d), or in presence until the capacity of the room is reached.

Please report your membership in presence at the email address edufin@consob.it.

The event will also be an opportunity to announce the next scheduled initiatives. Financial Education Month lasts all year!

Poster

25 October 2021: Consob/G20 event "Regulating innovation in the financial system to power a resilient recovery"

As part of the Italian Presidency of the G20, finance track, Consob is organising the conference "Regulating innovation in the financial system to power a resilient recovery: Squaring the circle between regulation, finance, innovation, and sustainability".

The conference will take place on 25 October at 9.30 am, at Palazzo Spada in Rome, remotely through the link to the website https://www.g20.org.

The conference will be divided into three thematic sessions with the participation of international public and private speakers and experts. The results will be transmitted to G20 Finance Ministers and Central Bank Governors

The challenges posed by the Covid pandemic to humanity and the planet will be the main theme of the works, with the awareness that recovery requires a shared effort between the public and private sectors, towards the green and digital transition and to support social progress. Finance therefore has a fundamental role, placing itself at the heart of innovation processes. In fact, in recent years, both digital (FinTech) and sustainable (ESG) finance has grown exponentially, offering completely new solutions to promote greater sustainability: from digital payments through crowdfunding, digital public procurement, up to Green FinTech. Regulators therefore have a crucial role in determining the dynamic framework of reference to allow finance to affect the real economy, people and the planet, while complying with the supervisory duties of the Authorities on investor protection and market stability.

The meeting will aim to square the circle between regulation, finance, innovation and sustainability, as well as to explore in depth the new role of financial regulators in putting finance at the base of the transition to a sustainable recovery.

The works will be opened (9.30am - 9.35am) with a welcome greeting by Filippo Patroni Griffi (President Italian Council of State) and then (9.35am-10.00am) introduced by Consob President Paolo Savona.

Session I (10.00am-12.00pm) entitled "The role of the ‘experimental regulator' in building an enabling eco system", chaired by Professor Francesca Medda (Consob), involves the participation of: Ulrich Bindseil (General Directorfor Market Infrastructures and Payments - European Central Bank); Skeikh Abdullah bin Saoud Al Thani, (Governor - Qatar Central Bank); Sholthana Begum (Technical Head of RegTech and Data Innovation, Bank of England; Franco Frattini (Vice President - Council of State).

II Session (1.30pm-3.00pm) entitled "Digital innovation: growth, inclusion and disruption", chaired by Paolo Ciocca (Consob Commissioner), involves the participation of: Simona Paravani (Global Chief Investment Officer – BlackRock); Haifeng Xu (Chairman, Bank of China-Luxembourg); Silvio Micali (Ford Professor of Engineering, MIT and Founder, Algorand); Matteo del Fante (CEO and General Manager, Poste Italiane, Poste Italiane).

III Session (3.30pm-5.00pm) entitled "Sustainable finance: profit together with social and environmental impact", chaired by Filippo Addarii (PlusValue – UCL), involves the participation of Magda Bianco (Co-Chair G20 Global Partnership for Financial Inclusion, Bank of Italy); Matthew King (Deputy Director, Directorate I, European Commission); Mike Froman (Vice Chairman, Mastercard); Karin Isaksson (Director, Nordic Development Fund).

Poster

Opening remark by President Professor Paolo Savona

Seminar of the "Banking and Finance" cycle on the "Corporate Bond Flipping" - 11 October 2021

The first seminar of the Department of Economics and Business Management of the "Banking and Finance" cycle, organized with the Israeli universities Ben Gurion University of Negev and Bar-Ilan University, Academic Year 2021-2022, will take place on Monday 11 October at 3.00 pm and is entitled "Corporate Bond Flipping".

Speaker: Stanislava (Stas) Nikolova (University of Nebraska-Lincoln). The seminar will take place in dual mode.

To participate in presence in Room 100, via Necchi 9, it is necessary to hold the Green Pass certification and to book by sending an email to: dip.segesta@unicatt.it.

To participate online, through the Microsoft Teams platform, please use the following link: Professor Stas Nikolova's seminar.

Abstract

8 October 2021: financial instruments and distributed ledger technologies - First seminar on blockchain

The first seminar organised by Consob and the Blockchain & Distributed Ledger Observatory of the Politecnico of Milan with the aim of exploring the main challenges posed by Blockchain technologies will be held on 8 October 2021, from 11:00 am to 1:00 pm.

The first meeting of this cycle of events will cover the regulatory and market profiles of financial instruments issued and managed through distributed ledger technologies. The possibilities offered by using such solutions for the management of financial assets will also be detailed by presenting relevant active experiences in Italy.

The meeting will be opened by Consob President Paolo Savona and the Director of the Digital Innovation Observatory and the Department of Management Engineering of the Politecnico di Milano, Alessandro Perego. In the first part of the meeting they will discuss the topic with Commissioner Consob Paolo Ciocca, Anna Genovese (Professor of Commercial Law at the University of Verona and former Commissioner Consob), Stefano Caselli (Professor of Economics of Financial Intermediaries and Prorector of International Affairs, Bocconi University), Gian Maria Mossa (Chief Executive Officer and General Manager, Banca Generali). In the second part of the meeting they will discuss the topic with Valeria Portale (Director, Blockchain & Distributed Ledger Observatory): Francesco Bruschi (Director, Blockchain & Distributed Ledger Observatory), Alessandro Roveda (Head of Blockchain SIA), Marco Pagani (CEO Wizkey). The journalist Pierangelo Soldavini (Sole 24 Ore) will moderate the work. The final greetings will be made by Consob President Paolo Savona.

The event represents an important opportunity for a live discussion with the main actors and experts in the sector; in fact, it will be possible to interact with the speakers through the appropriate Q&A sessions. The Seminar will be available in streaming free of charge, after registration at the following link: https://www.osservatori.net/it/eventi/prossimi/webinar/strumenti-finanziari-tecnologie-distributed-ledger-stato-arte-prospettive-webinar which will allow the assignment of a personalized access to the event.

Poster

Video of the event

Consob global webinar on Sustainable Finance (WIW 2021) "Environmental, social and governance objectives for well-informed and protected investors" - 4 October 2021

Consob is running a global webinar as part of the activities planned within the fifth edition of the World Investor Week (WIW) 2021, the initiative promoted by the International Organization of Securities Commissions (IOSCO) to raise awareness of the public on the importance of financial education to increase understanding and independent judgement in making financial decisions.

The webinar, scheduled on Monday 4 October from 13:00 to 15:30, focuses on sustainable finance - one of the key topics of the 2021 global campaign - and counts on the participation of a stellar line-up of international expert speakers, who will debate on the need to ensure investor protection and the opportunity to promote investor education.

The virtual event will be opened by a keynote speech from Erik Theeden, Chair of the IOSCO Task Force on sustainability, and will continue with two panels moderated by Consob: the first focused on institutional aspects and the related implications in terms of investor protection (with the participation of the Italian Ministry of Economy and Finance, the European Commission, the IFRS Foundation, ESMA and EFAMA / IIFA) and the second aimed at investigating the role that can be played by investor education with respect to financial sustainability (with the participation of the OECD, academia, the Brazilian CVM, Better Finance and the CFA Institute). Newly appointed Consob Commissioner Maria Chiara Mosca will close the event with some final remarks.

Participants must register via the link https://primetime.bluejeans.com/a2m/register/fbaypugj, which will allow the assignment of a personalized access to the webinar. During the event it will be possible to ask questions to the speakers through the specific function of the platform chat.

Poster

Video of webinar - First part

Video of webinar - Second part

The new frontiers of tokenization. Implications for the national market
Consob | Blockchain & distributed ledger observatory
PROGRAM | 8/10/2021 - 04/03/2022

The world of finance is experiencing a time of great transformation driven by regulatory and technological evolution and increasing competition. On the one hand, with the Digital Finance Package, adopted by the European Commission on 24 September 2020, the EU is starting to establish a regulatory framework capable of encouraging the development of different crypto-assets typologies. On the other hand, Blockchain and Distributed Ledger technologies are already impacting financial markets around the world, leading to the emergence of new players, new business models and new assets, which are complementing and often competing with traditional ones. It is necessary to be prepared for this change.

CONSOB and the Blockchain & Distributed Ledger Observatory of the Politecnico di Milano organize a seminar-based course to explore the core challenges posed by these new technologies, mainly through the analysis of both the regulatory and of the more technical and business points of view.

Program

Consob's annual meeting with the financial market to be streamed live at 11.00 am on Monday 14 June 2021

On 14 June, at 11.00 a.m., at the Rome headquarters, the Chairman of the National Commission for Companies and the Stock Exchange, Prof. Paolo Savona, will hold the annual meeting with the financial market on the occasion of the presentation of the CONSOB Report for 2020.

For reasons related to the current health emergency, the event will take place exclusively in streaming mode. The event will be available on the Commission's website www.consob.it and live on RAI 2 TV channel.

Poster

The non-financial reporting of Italian listed companies - Presentation of the 3^rd CONSOB Report

The 3^rd CONSOB Report on the non-financial reporting of Italian listed companies will be presented on 11 June next, from 10:30 a.m. to 12:00.

The Report, which will be available on the CONSOB website at the end of the presentation, analyzes the non-financial reporting of Italian listed companies, following the application of the Legislative Decree no. 254 of 2016 transposing the Directive 2014/95/EU.

Carmine Di Noia, CONSOB Commissioner will speak. The program of the event will be available shortly.

Participation is free. Online registration is welcome at: /web/consob-and-its-activities/enrollments.

The event will be streamed on the GoToMeeting platform; the link for connecting will be sent to those who have registered near the event.

Third CONSOB Report on the non-financial reporting of Italian listed companies

Presentation of the Report by Nadia Linciano, Giovanna Di Stefano, Angela Ciavarella, Livia Piermattei [Italian version]

Data portability in the financial sector: presentation of the Consob working paper of the Fintech series

On 8 June, from 9:30 to 12:00 a.m. the new Fintech Working Paper of Consob about "Data portability in the financial sector" will be presented in a workshop. The proceedings will be introduced by the President of Consob, Paolo Savona. The opening by Anna Genovese (Consob Commissioner) and Valeria Falce (Full Professor of Economic Law - European University of Rome) will follow. The debate will be chaired by Paolo Ciocca (Consob Commissioner).

Participation is free, but online registration is welcome: /web/consob-and-its-activities/enrollments.

The event will be streamed on the GoToMeeting platform; the link will be sent near the event to those who have registered.

Program

Fintech Working Paper no. 8 (April 2021)

Video of webinar

From 15 April to 6 May 2021: Consob minor program for students of the Roma Tre University

Consob and the Roma Tre University give the starting to the experimentation of a minor on financial and digital education: seven lessons for students interested in studying the topic of personal finance management in detail, also in relation to the evolution of sustainable finance and digitalization of the financial system.

Participation in the lessons is reserved for students of the Roma Tre University.

Program

Eureka: the digital frontiers; cycle of Consob webinairs

Starting from 12^th April it will be held "Consob - Eureka!" a webinair cycle about various topics with relation to artificial intelligence and its application to the field of regulation and supervision of financial markets. Six events, from 4.00 to 5.30 p.m., introduced by the President of Consob, Professor Paolo Savona, where some of the leading experts in the field will focus on the potentials of the digital with the aim of identifying innovative tools to simplify and improve the activities of regulators, supervisors and political decision-makers.

A debate between professionals inspired by Archimedes, for reaching the Eureka!

Participation in webinars is reserved to the employees of Consob and those of other institutions in the financial sector (Bank of Italy, IVASS, and so on) which have been involved through institutional channels.

Poster

Presentation video of the seminars of the Consob Chairman Prof. Paolo Savona

The evolution of financial reporting over the last 30 years - Conference in memory of ANGELO APPONI

On Monday, 12 April 2021 from 9:15 a.m. to 1:30 p.m. the conference: "The evolution of financial reporting over the last 30 years" will be held. The event is organized in memory of Angelo Apponi.

The conference will be introduced by Commissioner Anna Genovese; Commissioner Paolo Ciocca will chair and Commissioner Giuseppe Maria Berruti, President of section of Supreme Court, will draw the conclusions.

Participation is free, but online registration is welcome at: /web/consob-and-its-activities/enrollments.

The conference will be held in streaming on the GoToMeeting platform; registered participants will be provided with the link to login near the event date.

Program

Presentation of 9^th CONSOB Report on corporate governance of Italian listed companies

On 6 April, from 11:30 a.m. to 13:00, the 9^th CONSOB Report on corporate governance of Italian listed companies will be presented.

The Report, which will be available on CONSOB website at the end of the presentation, provides evidence on ownership structures, corporate bodies, annual general meetings and related parties transactions, on the basis of data obtained from supervisory statistical reports and information disclosed by listed companies.

Dr. Paolo Ciocca, CONSOB Commissioner, will join the event.

Participation is free, but online registration is welcome: /web/consob-and-its-activities/enrollments.

The event will be held in streaming on the GoToMeeting platform; registered participants will receive the link to participate near the event date.

Program

Report 2020 on corporate governance of Italian listed companies

Speeches by Paolo Ciocca, CONSOB Commissioner (Italian version)

Speaking notes by Nadia Linciano, CONSOB (Italian version)

Speaking notes by Francesca Fiore, CONSOB (Italian version)

Presentation of the Report by Angela Ciavarella and Rossella Signoretti, CONSOB (Italian version)

Discussion by Massimo Belcredi, Università Cattolica del Sacro Cuore (Italian version)

Webinar "The takeover BIDS in Italy from 2007 to 2019, empirical evidence and hints for thought" - 19^th February 2021, at 4 p.m.

On 19^th February 2021, starting at 4 p.m. Consob, Bocconi University and the review Rivista delle società organize a seminar for the presentation of the Discussion Paper "The takeover bids (OPA) in Italy from 2007 to 2019, empirical evidence and hints for thought".

Marco Ventoruzzo (Bocconi University) and Gianfranco Trovatore (Consob) introduce the workshop.

This will be followed by the presentation of the study by Valeria Ponziani (University of Rome Tor Vergata) and Federico Picco (Consob) and the discussion with the participation of Marcello Bianchi (Assonime), Concetta Brescia Morra (Roma Tre University), Carmine di Noia (Consob Commissioner) and Raffaele Lener (University of Rome Tor Vergata). Final remarks by Piergaetano Marchetti (Bocconi University).

To participate in the event please click here: https://eu.bbcollab.com/guest/87c61dd4c7cf4d08a872e4b1f607ade7.

Poster

Last online seminar of the series "Securities Markets: Trends, Risks and Policies"

On January 27, 2021, at 3.00 pm (CET), Anna Bayona (Esade Business School) will present the paper: "Information and Optimal Trading Strategies with Dark Pools".

The webinar is the last of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Massimo Guidolin (Bocconi University) will open the webinar and Martin Haferkorn (Risk Analysis Officer, ESMA) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Ninth online seminar of the series "Securities Markets: Trends, Risks and Policies"

On January 20, 2021, at 3.00 pm (CET), Diane Pierret (University of Luxembourg) will present the paper "Similar Investors".

The webinar is the ninth of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Christian Winkler (Team Leader Markets and Investors, Risk Analysis and Economics Department, ESMA) will open the webinar and Antoine Bouveret (ESMA) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861.

Seminars series

Abstract

Eighth online seminar of the series "Securities Markets: Trends, Risks and Policies"

On January 13, 2021, at 3.00 pm (CET), Nicola Borri (LUISS University) will present the paper "Cryptomarket Discounts".

The webinar is the eighth of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Claudia Guagliano (Esma) will open the webinar and Maha Al-Saadi (Deutsche Börse) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Seventh online seminar of the series "Securities Markets: Trends, Risks and Policies"

On January 11, 2021, at 3.00 pm (CET), Yazhou Ellen HE (University of Manchester) will present the paper "ES Risks and Shareholder Voice".

The webinar is the seventh of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Nadia Linciano (Head of Economic Studies Unit Research Department Consob) will open the webinar and Giovanni Petrella (Cattolica University) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Sixth online seminar of the series "Securities Markets: Trends, Risks and Policies"

On December 16, 2020, at 3.00 pm (CET), Vitor G. AZEVEDO (TUM School of Management, Technical University of Munich) will present the paper "Investor sentiment and the time-varying sustainability premium".

The webinar is the sixth of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Nadia Linciano (Responsabile Ufficio Studi Economici CONSOB) will open the webinar and Rocco Ciciretti (University of Rome Tor Vergata) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Fifth online seminar of the series "Securities Markets: Trends, Risks and Policies"

On December 14, 2020, at 2.30 pm (CET), Giulio ANSELMI and Giovanni PETRELLA (Università Cattolica del Sacro Cuore) will present the paper "Regulation and stock market quality: the impact of MiFID II on liquidity and efficiency of European stocks".

The webinar is the fifth of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

The webinar speakers include Claudia Guagliano (ESMA) and Gianluigi Gugliotta (Assosim).

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Presentation of the third edition of the mirroring survey on financial advisor-investor relationship – Focus 2020 on sustainability and investments - 14 December 2020, 4.00 pm - 5.15 pm

The survey, by Nadia Linciano and Paola Soccorso (CONSOB Economic Studies Unit), Joe Capobianco (Bologna Business School – Università Alma Mater Studiorum) and Massimo Caratelli (Università degli Studi Roma Tre), analyses the financial advisor-investor relationship in order to identify areas for improvement due to gaps in communication, limited knowledge and poor exchange of information.

The 2020 Report investigates whether the financial advisor-investor relationship may lead to a higher consideration of the ESG factors in the individuals' investment process by leveraging on the communication between the parties involved.

Professor Anna Genovese (Consob Commissioner) will open the proceedings.

Poster

Program

Presentation of mirroring survey, by Nadia Linciano and Massimo Caratelli

Presentation of the sixth report Consob on Financial Investments of Italian households - 10 December 2020, 11.30 am - 13.15 am

The Report presents evidence on the investment choices of Italian households with the aim of gaining insights as to how they manage investment decisions and the main risks they may take.

The Report is based on the Survey ‘The approach to finance and investment of Italian households' administered by GfK Italia to a representative sample of Italian retail financial decision-makers.

The 2020 Report contains two sections focused on knowledge and attitude towards SRIs and attitude towards digital assets and financial services, respectively.

Carmine Di Noia (Consob Commissioner) will open the proceedings.

Poster

Program

Report

Presentation slides by Nadia Linciano, Monica Gentile, Paola Soccorso

Fourth online seminar of the series "Securities Markets: Trends, Risks and Policies"

On December 9, 2020, at 4.00 pm (CET), Tobias DIELER (University of Bristol) will present the paper "Repo resilience".

The webinar is the fourth of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

Massimo Guidolin (Bocconi University) will open the webinar and Andrea Gentilini (Head of Market Infrastructure Division, Innovation, Payments, Market Infrastructures and Governance Department - Commission de Surveillance du Secteur Financier, CSSF) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Third online seminar of the series "Securities Markets: Trends, Risks and Policies"

On November 25, 2020, at 3.00 pm (CET), prof. Alon BRAV (Duke Fuqua School of Business) will present the paper "Retail shareholder participation in the proxy process: monitoring, engagement, and voting".

The webinar is the third of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

The Commissioner Carmine Di Noia will open the webinar and prof. Marina Brogi (Sapienza Università di Roma) will discuss the paper.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Second online seminar of the series "Securities Markets: Trends, Risks and Policies"

On November 16, 2020, at 3.00 pm (CET), prof. Raffaele CORVINO (University of Turin and CERP) will present the paper "Hedging labor income risk over the life-cycle". The webinar is the second of a series of 10 seminars organised by CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center on the following topics: market microstructure, post-trading and market efficiency; corporate governance and sustainability; investor protection and financial innovation in securities markets.

The webinar speakers include prof. Elsa Fornero (University of Turin and CERP) and Henriette Praast (University of Tilburg). The Commissioner Carmine Di Noia will open the webinar.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Video

Online seminars series "Securities Markets: Trends, Risks and Policies"

CONSOB, ESMA and Bocconi University, through its BAFFI - CAREFIN research center, present a series of seminars on the following issues: market microstructure, post-trading and market efficiency; corporate governance and sustainability (non-financial information, value creation, ESG factors); financial services, investor protection and financial innovation in securities markets.

The cycle of 10 meetings until January 27, 2021, begins today November 9 at 3.00 pm with the webinar held by Professor Loriana PELIZZON (Ca' Foscari University of Venice and SAFE-Goethe University Frankfurt) on the OTC discount in the German bond interdealer market.

Link to participate: https://global.gotomeeting.com/join/755296861

Seminars series

Abstract

Video

SAVE-THE-DATE: 5 November 2020, 3.00 pm - 5.30 pm - Sustainable finance, transparency and financial education for businesses. Financial education supporting the transition toward a sustainable economy.

CONSOB promotes an awareness raising event, aimed at companies, on the issues of sustainable finance and transparency of non-financial information, in the framework of the World Investor Week and of the Month of Financial Education.

Prof. Anna Genovese (Consob Commissioner) introduces the workshop. After an analysis of the European context by Malgorzata Feluch (European Commission) and Jean-Marie Andres (Eurofi), the following interventions, by Roberto Monducci (ISTAT), Guido Romano (Cerved) and Roberto Bianchini (Politecnico di Milano) refer to the national context. Mauro Bellofiore and Nadia Linciano (CONSOB) then give an illustration of both the prospects for development of non-financial reporting and the role of financial education. The final program of the event will be disclosed later on.

Participation is free; online registration is welcomed at: /web/consob-and-its-activities/enrollments.

Event Flyer

Program

World Investor Week (WIW) - The fourth edition at its start - Presentation press conference - Thursday 29 October at 10:30 am

The fourth edition of the World Investor Week (WIW), the financial education initiative launched in 2017 by Iosco, the world organization of regulatory and supervisory authorities on financial markets, organized in Italy by Consob, is starting from the 2^nd to the 8^th of November.

The event will be presented in a press conference on Thursday, 29 October.

Web appointment at 10:30 am via the GotoMeeting platform.

The works will be opened by Professor Anna Genovese, Consob Commissioner.

Theater, games, storytelling, education: these are the tools that will be used by Consob for promoting financial education in Italy through a series of initiatives aimed at reaching the population in all its parts, from children to adults.

24 July 2020: Streaming presentation of the Occasional Report: "The Covid-19 Crisis. Impacts and risks for the Italian financial system in a comparative perspective"

On Friday 24 July next, from 11.00 to 12.30 a webinar will be held for the presentation of the Occasional Report "The Covid-19 Crisis. Impacts and risks for the Italian financial system in a comparative perspective".

The Report, which will be published at the end of the presentation on the Consob website, takes into consideration the impact of the economic consequences of the Covid-19 Pandemic in the first half of 2020, examining its evolution both at the domestic and at the international level.

The Report also offers initial reflections on the transformations that the pandemic has triggered or accelerated, at various levels, thus helping to change the reference context in which regulators and financial market supervisors will operate in the future.

Consob Commissioner Carmine Di Noia will open the panel; the presentations of Nadia Linciano, Monica Gentile, Valeria Caivano and Francesco Fancello will follow.

It is possible to register to participate in the event through the SIPE - Integrated External System. All registered participants will receive an email containing the link for connecting to the event.

Program

Report

Presentation of the Report by Nadia Linciano, Valeria Caivano, Francesco Fancello and Monica Gentile

Introduction by Giorgio Di Giorgio

Report on non-financial reporting of Italian listed companies - Webinar entitled "Non-financial information as a driver of transformation"

On 30 June 2020, at 12.00 am, on the occasion of the presentation of the second Report on non-financial reporting of Italian listed companies the webinar entitled "Non-financial information as a driver of transformation" will be broadcast.

The registration took place through the SIPE - Integrated System for the Outside. For reasons of reaching the maximum capacity of the virtual classroom it is no longer possible to send requests for participation. Participants will receive an email containing the link to connect to the event via GoToMeeting.

Program

Report 2019 on non-financial reporting of Italian listed companies

Introduction by Anna Genovese

Presentation of the Report by Nadia Linciano, Angela Ciavarella and Livia Piermattei (Italian version)

SAVE THE DATE – Annual Meeting of the Consob with the Financial Market in live streaming on Tuesday 16 June 2020 at 11:00 a.m.

On 16 June 2020, at 11.00 a.m., from the Rome office, the President of the National Commission for Companies and the Stock Exchange, Professor Paolo Savona, will hold the Annual Meeting with the Financial Market with the presentation of the CONSOB Report for 2019.

Due to the current health emergency, the event will take place only in live streaming. It will be available on the website www.consob.it and broadcasted live on RAI 2 TV channel.

Program

Arbitrator for Financial Disputes: presentation of the 2019 Annual Report on Tuesday 17 March at 9:00 a.m. at Consob auditorium in Rome and by video link from Milan

WARNING: Please note that, due to the current health situation in Italy, the presentation of the Annual Report of the Arbitrator for Financial Disputes (ACF), already scheduled for March 17 next, has been deferred as a precautionary measure.
The new schedule of the event will be communicated as soon as possible.

The presentation of the third Annual Report of the Arbitrator for Financial Disputes (ACF), the body for the out-of-court settlement of disputes between intermediaries and savers, set up at Consob and operational for three years, will be held on Tuesday 17 March next. It will represent an opportunity to illustrate the activities carried out in 2019 and provide an overview of the first three operative years of the Arbitrator.

The meeting is set at 9:00 a.m. at the Consob auditorium in Rome (Via Claudio Monteverdi 35 - Piazza Verdi).

A link with the Consob office in Milan in Via Broletto 7, will be operating.

The President Paolo Savona will introduce the session. The report of the President of the Arbitrator, Gianpaolo Barbuzzi, will follow.

Participation is free. Online registration is however appreciated through the SIPE form: /web/consob-and-its-activities/enrollments.

Program

The corporate governance of Italian listed companies. The analyses of Consob, of the Corporate Governance Committee and of the Assonime-Security Issuers - Milan, March 2, 2020

In line with the coronavirus infection risk containment measures adopted by the government and other authorities, the conference was canceled and postponed to a date to be defined.

On MARCH 2^nd next, at 2.30 pm at Borsa Italiana, Palazzo Mezzanotte - Piazza degli Affari 6, Milan, it will be held the conference entitled Evolution of corporate governance and sustainable business success.

During the conference the following reports will be presented:
- the Report of Consob on the Corporate Governance of Italian Listed Companies for 2019, providing evidence of ownership structures, corporate bodies, shareholders' meetings and transactions with related parties, on the basis of data obtained from supervisory statistical reports and public information;
- the Report of the Corporate Governance Committee, providing an assessment of the implementation of the Corporate Governance Code and recommendations to companies for its more effective application;
- the Assonime-Security Issuers Report, providing an analysis of the corporate governance of Italian listed companies in relation to the indications of the Corporate Governance Code.
The three reports will be available at the end of the presentation.

Participation is free, but online registration is welcome: /web/consob-and-its-activities/enrollments.

"The New Futurism: 21st Century Financial Markets, Technology and Regulation", (Consob Auditorium, 3 June 2019)

On Monday 3 June next (timetable to be defined) the President of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, will give a keynote speech on the topic "The New Futurism: 21st Century Financial Markets, Technology and Regulation".

Participation to the meeting is free and free of charge; it is requested the registration with SIPE.

The event program will be announced with a subsequent communication.

March 7, 2019 CONSOB-ESMA-Bocconi Conference "Securities markets: trends, risks and policies" - call for papers

Through the Baffi-Carefin Research Centre, CONSOB, ESMA and Bocconi University have published a call for papers for the conference, "Securities markets: trends, risks and policies", to be held March 7, 2019 in Milan at the Bocconi University.

Work on the following topics will be taken into consideration: financial innovation and systemic risk; microstructure of markets, post-trading and market efficiency; market-based finance; corporate governance; financial services, investor protection and financial education.

Contributions should be sent to "convegni@CONSOB.it" by October 31, 2018. Each proposal will be subject to a referral process - supervised by a scientific committee coordinated by Massimo Guidolin (Bocconi University), Claudia Guagliano (ESMA) and Nadia Linciano (CONSOB) - with approval by a steering committee made up of Donato Masciandaro, (Director of the Baffi-Carefin Centre, Bocconi University), Steffen Kern (ESMA) and Carmine Di Noia (CONSOB Commissioner).

The results of the selection will be announced by December 10, 2018.

Work that employs data relating to the European context with policy implications shall be particularly welcome.

We also encourage contributions from European supervisory authorities and other competent national authorities in order to strengthen the debate on issues of financial supervision.

The final conference programme will be published on the CONSOB, ESMA and Bocconi University websites by the end of first week of January 2019.

The full call for papers is available at the following links:
- http://www.CONSOB.it/web/area-pubblica/seminari-e-convegni
- http://www.bafficarefin.unibocconi.eu/wps/wcm/connect/cdr/baffi_carefin/home/newsevents

- Call for papers

Novembre 24 2018, CONSOB-Cattolica seminar on banking and finance: third event of the 2018/2019 academic year

On Wednesday, November 24, from 11.30 am, a new seminar will be held, part of the series of meetings on banking and finance for the academic year 2018-19, organized by CONSOB and the Università Cattolica del Sacro Cuore, Department of Economics and Business Management. Lecture Hall 100 of the Università Cattolica, with entrance in via Necchi 9, Milan.

The seminar, led by Sotirios Kokas (Hessex Business School), will focus on the topic "Credit market spillovers: evidence from a syndicated loan market network". Participation in the event is open to anyone and free of charge. For information: www.unicatt.it/segesta, dip.segesta@unicatt.itm, telephone: 02.72342467.

Workshops and Conferences - CONSOB AND ITS ACTIVITIES

Navigation Menu

Communications

WORKSHOPS AND CONFERENCES

Asset Publisher

Breadcrumb

Workshops and Conferences - CONSOB AND ITS ACTIVITIES

Navigation Menu

Communications

WORKSHOPS AND CONFERENCES

Asset Publisher