On 7 December 2018 the Bank of Italy hosted the conference Evolving landscapes of bank and non-bank finance, co-sponsored by and organized in collaboration with the think tank Long-Term Investors@UniTo (LTI@UniTO).
The conference brought together researchers and industry experts to share views on the evolution of bank and non-bank finance and its implications for the real economy. The first session was dedicated to selected aspects of corporate financing choices: the role of collateral in firms’ liability structure and the views of institutional investors on firms’ capital structure decisions. The second session focused on recent developments exerting pressure on the banking sector: negative monetary policy rates, bank executive compensation regulation and the competitive threat posed by fintech operators. In between the two academic sessions there was a panel discussion, the theme of which was the role of institutional investors in ensuring an adequate supply of financial resources to the real economy.
