Directorate II – Public Debt
For further information:
General affairs, secretary and support to the Head of the Directorate with respect to the matters falling within the Directorate's area of responsibility. Personnel management, internal transfers within the Directorate, performance evaluation of managers and staff, and assignment of additional compensation, in accordance with the policies and general guidelines set by the Department of General Administration, Personnel and Services. Formalities related to the register of jobs. Administrative procedures preparatory to the conferral of mandates for advisory services and working relationships coordinated with persons outside of the Ministry, and execution, to the extent of the resources allocated, of contracts and the related approval decrees in connection with the Department of General Administration, Personnel and Services for the purpose of the subsequent administrative/accounting management. Definition of the Directorate's requirements and needs in relation to human resources, training, purchases and logistics. Planning and procurement of the financial resources assigned to the Directorate. Consultation, regulatory adaptation, legal disputes and legal-administrative coordination with respect to matters falling within the Directorate's area of responsibility. Formalities related to the Directorates' strategic planning, management control and budget. Technical-administrative support and coordination for IT activities related to public debt management. Collaboration with Office VIII for management of statistical data on the Directorate’s Internet site. Formalities regarding transactions in process involving public debt securities in bearer or registered form, and provisions in application of Law No. 313 of 1993. Securities reimbursement transactions that cannot be paid directly by the Bank of Italy. Management of registries. Custody and management of gold and silver for coins, and other negotiable instruments. Relationships with court authorities, control bodies, ministerial staff, and the Legislative Office. Participation in inter-institutional work groups and representation of the Head of the Directorate at external events.
Tel. +39 06 47614349
Fax +39 06 47610690
Analysis of the problems inherent to the management of the public debt in the Italian market, and to the functioning of the markets. Formulation of strategic scenarios for Treasury issues, and analysis of the risk in relation thereto. Monitoring of the secondary market for government securities, and relationships with oversight bodies. Collaboration with international bodies and the EU on issues regarding the financial markets. Simulation of interest expenditure, and development and management of the related forecast model. Analysis of the economic-financial effects of tax laws with respect to the public debt. Participation in inter-institutional work groups, and representation of the Head of the Directorate at external events.
Tel. +39 06 47610740
Fax +39 06 47613197
Analysis of the problems inherent to both the management of the debt issued on the international financial markets, and the functioning of such markets. Issuance activity in the international markets. Financial transactions aimed at the optimal restructuring of the Treasury's liabilities. Relationships with the international investors. Participation in work groups and representation of the Head of the Directorate at external events, for matters falling within the Section's area of responsibility.
Tel +39 06 47613991
Coordination of funding activity and of the financial transactions carried out by public and territorial entities, including the verification of conformity with the guidelines provided for such activity. Monitoring of the indebtedness of entities which are part of the public administration, for the purpose of preparing comprehensive statistics about the consolidated debt of the general government that are valid for the definition of the corresponding Maastricht parameter and the respect of the convergence criteria outlined in the Stability Pact.
Examination and assessment of legal, accounting and administrative issues in relation to borrowing activity. Release of orders for issuance of debt in Italy and abroad and the related derivatives transactions, as well as foreign-exchange transactions. Legal, accounting and administrative issues in relation to, or preliminary or subsequent to the settlement of the Treasury's debt through financial transactions or assignments of government securities. Release of the related orders. Management of the budget, capital account in relation to foreign loans. Management of the payments of foreign loans (principal, interest and related charges). Payments and collections in relation to derivative transactions. Institutional relationships with the Bank of Italy and Borsa Italiana for activities regarding the issuance of debt securities in the domestic and foreign markets.
Maria Stella MAZZU'
Tel. +39 06 47617304
Fax +39 06 47613261
Issuance and management of the Treasury's short-term liabilities and related administrative formalities. Management of the Treasury's liquidity account and other liquidity reserves, including through the use of money-market transactions. Swap transactions and government securities repurchases. Management of the Treasury’s temporary issues, through the use of repurchase and other market transactions. Participation in work groups, and representation of the Head of the Directorate at external events, for matters falling within the Section's area of responsibility.
Dott. Fabrizio TESSERI
Tel.+39 06 47610740
Fax +39 06 47613197
Management and monitoring of expenditure accounts in relation to the servicing of short- and medium-/long-term government securities placed on the domestic market. Measures related to the reimbursement of principal and the payment of interest on such obligations, including in relation to swap transactions and repurchase transactions on the markets and transactions involving the liquidity account. Formalities consequent to the creation of a book-entry system for the debt. Management of the financial mortgages for the former ISPA. Audit of principal and interest payments on government securities made by Provincial Treasuries. Relationships with the Bank of Italy and with the company acting as the clearinghouse for the centralized management of government securities. Review of issues related to the statute of limitations on the interest-bearing certificates issued by the Italian Post Office and transferred to the Treasury, and management of the related expenditure accounts. Relationships with Cassa Depositi e Prestiti. Compliance matters with regard to the accounting for the Treasury's short-term liabilities. Accounting formalities related to participation in Euro Area financial stability programmes. Control over the management of gold and silver for coins, and other negotiable commodities or instruments.
Tel. 39 06 4761 0175
Study and guidance about themes regarding the markets for government securities and domestic public-debt management. Preparation of information disclosures about the public debt, including for the purpose of publication on the Internet site. Management of the fund for the amortisation of government securities. Public-debt statistics. Relationships with the EU, with particular regard to procedure for controlling excessive deficits, and with other international bodies. Participation in inter-institutional work groups and representation of the Head of the Directorate at external events.
Analysis of issues in relation to the domestic and international financial markets, including with reference to transactions carried out by public entities, local entities, and other companies/entities that are part of the public administration. Monitoring of financial and credit risks arising from borrowing activity and from the activity of restructuring the portfolio of Italy's liabilities. Relationships with rating agencies with regard to Italy's credit rating and the credit ratings of public entities. Participation in inter-institutional work groups and representation of the Head of the Directorate at external events.
Dora DE SIMONE
Tel. +39 06 47614845
Fax +39 06 47613287
Checking and adjustments of the prevailing regulations for documentation of the issuing programmes for international markets and relationships with the appropriate control authorities. Study, analysis, and definition of contractual terms and conditions for debt transactions on foreign markets. Relationships with financial counterparties for the purpose of analysing and formulating ISDA contracts as part of derivatives transactions. Regulations covering loan proceeds and income from derivatives transactions. Drafting of contracts covering working relationships with external legal counsel for the preparation of information prospectuses for financing programmes on the international markets. Inter-departmental relationships for the purpose of the monitoring and restructuring of the healthcare debt of the regions. Analysis and study of tax-related issues in relation to the public debt.
Tel. +39 06 47618238
Fax +39 06 47610690
Definition of strategy and operational programmes for the "OECD, World Bank and Italian Treasury Multilateral Network for the dissemination of public-debt management techniques.” Support to the planning and organisation of international meetings and conferences on issues regarding government securities markets and public-debt management in collaboration with other international bodies. Planning and organisation of the Directorate's seminars and courses in favour of public debt managers in emerging markets, including in collaboration with public and private universities and research centres.
Tel. +39 06 47616152
Fax +39 06 47610102