FIA Forum: Milan 2022

Key Trends in Cleared Derivatives

19 October 2022 • 2:00 PM - 6:30 PM CEST • Borsa Italiana
FIA comes to Milan to discuss regional issues and developments impacting the use of listed and cleared derivatives. Attendees will hear from market participants, exchanges and regulators about trends in clearing, products and operations.



There is no registration fee for this event, however FIA staff must confirm your participation. Online registration is now closed, please contact Member Services if you are interested in attending. 

Press: Please contact FIA Media Relations to register as press.



14:00 - 14:30
Registration Opens

Arrival Tea & Coffee


Welcome Remarks 
  • Bruce Savage, Head of Europe, FIA
14:35 - 14:45
  • Fabrizio Testa, CEO, Borsa Italiana, Euronext Group 
14:45 - 15:30
Review of Key Trends in Listed and Cleared Derivatives  

A review of topical issues impacting the use of derivatives in Italy and the region, including the management of market volatility and the resulting operational challenges; changes to market infrastructure; and client activities.


  • Bruce Savage, Head of Europe, FIA


  • Carmine Calamello, Head of Brokerage and Execution, Intesa Sanpaolo
  • Giorgio Cali, Head of Derivatives Execution & Clearing Institutional Sales EMEA, BNP Paribas
  • Simona Composto, Executive Director, Prime Services, Goldman Sachs International
  • Massimo Giorgini, Head of Italy Equity, Derivatives & Structured Products Sales, Euronext
  • Dario Luciano Merlo, Head of Brokerage Platforms, UniCredit
15:30 - 15:50
Coffee Break 


15:50 - 16:35
Looking to the Future

What new products and services are emerging in the local trading and clearing space? Looking at the demand for new products such as dividend and total return futures, developments in clearing services, the evolution of direct access models, changes to margin methodologies, and the opportunities and challenges of widening the list of acceptable collateral.


  • Stuart Bailey, Vice President of Clearing Policy & Operations, FIA


  • Fabio Cipriani, Head of Controls & Operational Risk, Intesa Sanpaolo
  • Marco Polito, Chief Executive Officer, Euronext Clearing  
  • Roberto Romeo, Managing Director - Head of Equity Trading & Structuring, Mediobanca
  • Lodovica G Speri, Executive Director, Global Clearing Product Development, J.P. Morgan
16:35 - 17:05
Regulatory Priorities 

What are the regulatory priorities for the region and how might they impact markets – including EU reviews of existing regulations, as well as emerging rules for digital assets and sustainability.


  • Corinna Schempp, Head of EU Policy & Regulation, FIA


  • Lucio Bonavitacola, Partner, Clifford Chance
  • Paola Fico, Head of Regulation Italy, Euronext 
17:05 - 17:10
Closing Remarks
  • Bruce Savage, Head of Europe, FIA
17:10 - 18:30
Networking Reception 

Schedule subject to change. 


Host Exchange 

Borsa Italiana









Platinum Sponsor

Intesa Sanpaolo