(July 20, 2017) Brexit is the trending topic at the Italian Embassy to London as well as: investment, business, and business. "Milan: The New London after Brexit" took place the morning of Monday 17 July - organised in collaboration with Loconte & Partners law firm dedicated to the latest regulatory measures introduced to attract capital and investments in Italy. After the opening entrusted to Ambassador Terracciano, the panel saw a discussion between lawyer Stefano Loconte, Dr. Antonello Sanna, founder and CEO of Solution Capital Management as well as two businessmen: Eusebio Gualino, CEO of Gessi, and Cav. Aldo Bonomi, President and CEO of Rubinetterie Bresciane. As the Italian Embassy stated, the conference transmitted a dynamic vision of the Italian financial and tax sector in light of new tools introduced that currently enable Italy to increase its attractiveness in a number of specific areas, especially in enhancing existing complementarities with London in the scenario following the British exit of the EU. As Ambassador Terracciano points out, in the negotiations, Italy holds a position "aimed at a solution that minimises the risks of destruction of value" and as "in the post-Brexit scenario, the city of Milan will have to value complementarity with London, rather than looking for a full-fledged competition". Terracciano also recalled that the existing partnership between the London Stock Exchange and the Italian Stock Exchange represents an example of this strategic approach. (Red)

DISCUSSED TEMPLATES

After reviewing the main regulatory instruments recently introduced, the new law proposals currently under consideration by the Chamber of Deputies have been considered, among other things , to simplify operations carried out by Islamic finance, not yet sufficiently standardised in Italy and the strength of London City. The floor was then left to the experienced entrepreneurs who, while acknowledging the progress made for the Italian business environment, underlined how a rationalisation of the fiscal sector could further stimulate investment in Italy.