Insurance companies must provide a fund for claims at the end of each fiscal year to pay outstanding claims
The stock of non-performing loans in Italy started a reduction phase in 2016
In 2017, total issues of minibonds amounted to 170, increasing compared to 110 minibonds in 2016
The Italian Stock Exchange showed a positive trend in 2017, now hopefully more SMEs will be listed on AIM
Giuseppe Bernoni took part in the 28th Ambrosetti Finance Workshop focused on “The outlook for the Economy and Finance”.
On 12 December 2016 the conference entitled “Il consumatore ed il libero professionista, protagonisti della normativa sulla Crisi da Sovraindebitamento ex Legge 3/2012. Giurisprudenza e prassi” and organised by the commission for crisis of over-indebtedness of the Roll of chartered accountants in Rome (Commissione Crisi da Sovraindebitamento) will be held at the Roll of Chartered Accountants in Rome.
The interest in Italian medium enterprises is increasing, thanks to a renewed appeal of Italy for international investors and to the positive drive of EU regulations
To successfully implement the changes needed, a change in the profile of bank employees is also needed. Besides the technological innovations there are a series of regulatory innovations. Control and compliance functions are increasingly important, but the organisational challenge is the most difficult as it will also imply staff layoffs.
The transfer of Exor and of Giovanni Agnelli & C to the Netherlands will have important implications on the control of the holdings, particularly on Exor.
A few months ago Alcedo invested in the Venetian company Ligabue, leader in the naval and industrial catering, growing its business and selling shares to the Italian Investment Fund (Fondo Italiano d’Investimento). Palladio Finanziaria invested in the historic restaurant Group Alajmo (in Sarmeola di Rubano, Padua), which fostered the expansion of a family business, well-established over five generations. These are two examples of private equity investment in the business district of North-Eastern Italy