The Path to Recovery in the EU

The lockdown has given rise to a new series of risks in Europe, which we will carefully review and frame. The socialization of private sector losses also gave rise to new systemic risks and linkages between public and private balance sheets.   As the first wave of the pandemic recedes, we will discuss what are the implications for the European countries. The ESM, the European Commission and other public and private bodies have carefully orchestrated easing measures for citizens and the private sector. How are the measures launched at national and European level supporting a path to recovery for the European economies and for their citizens.

Speaker

Cosimo Pacciani, Former COO of Algebris Investments and CRO for the European Stability Mechanism

Cosimo Pacciani was most recently the Chief Operating Officer for Algebris, a London based asset manager, and he was previously Chief Risk Officer for the European Stability Mechanism until 2019.

Previously, he spent 11 years with RBS, where he was Chief Operating Officer for the Group Credit Risk function and Head of Risk and Compliance for the Asset Protection Scheme, the mechanism established by the British Government to rescue the banking system. Previously with RBS, he was Head of Credit Risk for Corporate and Public Institutions in Europe. Before RBS, he worked for the Investment arm of Credit Suisse First Boston and he started his City career for the London branch of Monte dei Paschi di Siena in 1998.

Cosimo holds a Ph.D. from the Faculty of Economic Sciences, University of Siena and an M.S. in Economics from the Faculty of Economics, University of Florence.

Moderator:

Alex Voicu, PRMIA