Protection of Investors and Clients in ADRs

Opening Remarks
Marco Ventoruzzo Bocconi University
Giuseppe Vegas President, CONSOB (Italian Stock Exchange Authority)

The Experience with Arbitration in International Finance
Maria Chiara Malaguti Catholic University of Rome

Investor and Customer Protection in the Italian Banking Industry
Domenico Siclari Sapienza University of Rome

A Balance Sheet of the First Semester of Activity of the Arbiter for Financial Controversies
Giampaolo Eduardo Barbuzzi President, Arbiter for Financial Controversies

The Financial and Banking Arbiter
Magda Bianco Department of Banking Oversight and Financial Supervision, Bank of Italy

Arbitration Procedures and Solidarity Funds to Investors in Banks in Liquidation Proceedings
Ferruccio Auletta President, Arbitration Chamber, National Anti-Corruption Authority

Round Table
The Experience with CONSOB Arbitration

Moderation
Luigi Arturo Bianchi Bocconi University

Participants
Andrea Bernava Chiomenti Law Firm
Marilena Rispoli Farina Board Member, Arbiter for Financial Controversies
Giuseppe Guizzi Board Member, Arbiter for Financial Controversies

Conclusions
Luigi Arturo Bianchi Bocconi University

Organized by
BAFFI CAREFIN — Center for Applied Research on International Markets, Banking, Finance and Regulation
Angelo Sraffa Department of Legal Studies
CONSOB -— Italian Stock Exchange Commission
ACF — Italian Arbiter for Financial Controversies