The Impacts of Mifid on the Italian Market

Andrea Rozzi, Managing Director and Head of Legal & Documentation, Bayerische Hypo-unde Vereinsbank AG, Italy

The implementation of MiFID in Italy. The implementation of Directive 2004/39/CE by the European Parliament and the Council, dated April 21st 2004, referring to the markets of the financial instruments (from now on, MiFID or Directive) substantially affected the Italian capital markets, regarding important topics such as: (i) Conflict of interest (ii) Best execution and elimination of the concentration obligation, examined in this paper.

Andrea Rozzi is Managing Director and Head of Legal & Documentation Milan. UniCredit Markets & Investment Banking, Bayerische Hypo- und Vereinsbank AG, Milan Branch. He is one of the most expert of derivatives in Italy, being also direttore scientifico and teacher of the IPSOA master in law and economic of capital market. He has several articles on financial market to his credit.

Bayerische Hypo- unde Vereinsbank AG, Milan Branch, (UniCredit Group), formerly Unicredit Banca Mobiliare (UBM) S.p.A., is the investment bank of UniCredit Group, covering Debt Capital Markets, Equity Capital Markets, Corporate Finance, Investment Banking. The Head of the Global Documentation & Execution Milan is Mr. Andrea Rozzi.