Italy Milan

03 Oct 18.30 - 22.00
Gitti & Partners
Via Dante 9, Milan 20121, Italy
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Event organiser:
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Event organiser:
Andrea Barbalonga MBA1997

This year's Milan WAC will take place on Monday 3 October with the prestigious participation of Stephen Schaefer, Professor of Finance and former Deputy Dean (Faculty).

Professor Schaefer will join us to as our guest speaker to share his research on a very hot topic within the financial sector in this day and age: Credit Risk - Why the Very Long Run Matters.

About the topic:
The Financial Sector has gone through significant turbulent times and its woes are not entirely over. Banks are facing major challenges which could affect the very survival of institutions. One of these is the implementation of an appropriate Risk Management sustainable strategy, which is not only vital for single institutions but for the “Banking System” as a whole.

In credit portfolios, even those that are well diversified and even over periods as long as 30-40 years, the rate of default that we observe will most often be significantly below the average, i.e., there is a long “tail”. This has many important implications. These include helping us to understand actual credit spreads and assessing the risk of bank equity.

RSVP: please book as early as possible as places are limited. For those that have already RSVP their participation in response to the July mail, your place will be confirmed once you have finalised your registration through Eventbrite.

We look forward to seeing you on Monday 3 October and should you need further clarifications you can email

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