Equita and Bocconi University to promote the development of capital markets in Italy - 2019 event


Equita and Bocconi University are celebrating the sixth anniversary of their partnership aimed at encouraging the debate on structural elements, development factors and possible solutionsforthe growth of capital markets of Italian companies.

This year the research focuses on what drives the choice of Italian non-financial companies to issue a bond instead of relying on traditional bank lending. The paper compares several issuers and non-issuers and various issue types in order to shed light on what factors may foster or hinder the ongoing corporate disintermediation process. This sixth position paper, drafted by the BAFFI Carefin - Centre for Applied Research on International Markets, Banking, Finance and Regulation of Bocconi University and in collaboration with Equita, was presented today during the event “The Italian corporate bond market: what is happening to the capital structure of Italian non-financial companies?” at Bocconi University.

Following the presentation of the paper and the speech of Ignazio Visco, Governor of the Bank of Italy, Marco Clerici, CoHead of the Investment Banking of Equita, presented the Equita’s third Observatory on Capital Markets in Italy. The observatory analysed the key development trends on equity and debt capital markets in 2018, with a focus on impact on investors and financial intermediaries following the introduction of new regulation like MiFID II that affected capital markets.

Institutional and keynote speakers including Ignazio Visco, Governor of Bank of Italy, Gianmario Verona, Dean of Bocconi University, Andrea Vismara, CEO of Equita Group, Alessandro Profumo, CEO of Leonardo, Claudio Costamagna, Chairman of CC & Soci, Paola Leocani, Partner and Head of DCM Simmons & Simmons, Mauro Moretti, Founder and Managing Partner at Three Hills Capital Partners, Paolo Pendenza, Head of Private Debt of Equita Group, and Francesco Perilli, Chairman of Equita Group, gave their views during the event.