Dario Item | |
---|---|
![]() | |
Ambassador of Antigua and Barbuda to Spain, Monaco, and Liechtenstein | Permanent Representative to United Nations World Tourism Organization | |
Assumed office 2016 | |
Prime Minister | Gaston Browne |
Personal details | |
Born | Naples | June 28,1972
Education | University of Geneva,University of Parma |
Dario Item is a Swiss and Antiguan and Barbudan diplomat and lawyer. [1] He is the Ambassador Extraordinary and Plenipotentiary of Antigua and Barbuda to Spain, [2] Principality of Monaco,and the Principality of Liechtenstein. [3] [4] [5] [6] He is Antigua and Barbuda's Permanent Representative UNWTO. [7] [8] [9] He is best known for his game changing efforts to boost investments in Antigua and Barbuda amounting to over 100 million, [10] and for his investigations,which led to major revelations on Credit Suisse AT1 bonds considered by the Financial Times as "one of the most consequential European banking scoops of the year" [11] [12] [13]
Dario Item is a descendant of an ancient and noble Swiss family,with roots in Bonaduz and Malans in the Canton of Graubünden. The family relocated to Naples in 1800 when it was the capital of the Kingdom of the Two Sicilies. [14] [10]
The Item family has a historical connection with Swiss regiments that served the Bourbon - Two Sicilies Royal House,to which they have remained devoted. His great-great-grandfather,Vincenzo Item,has earned multiple decorations,including a double gold medal in the Battle of Gaeta (1860-1861). Meanwhile,his great-grandfather,Aurelio Item,is recognized for the discovery of the Villa of the Mysteries in Pompeii,originally named Villa Item. [14] [15]
Dario Item finished high school education in Lugano. He further pursued his academic endeavors at the University of Geneva,as well as the Universities of Parma,Ferrara,Teramo,and Genoa in Italy. Item has earned a law degree (1996) and a degree in political science (2004),along with a master's degree in Trust law (2005) and in Legal psychology and psychopathology of criminal conduct (2006). He holds a PhD in Criminal Law and an LL.M in International Financial Crimes. [16]
In 1998,he passed the bar examination at the Court of Appeals of the Canton of Ticino in Lugano. He obtained his certification as a public notary in 1999. In 2002,he successfully completed the examination qualifying him to practice law in Italy. [14] [1]
Since 1998,Dario Item has been actively engaged as an international lawyer with a focus on trust law,criminal law,banking law,diplomatic law,and consular law.
In 2015,he established a branch of his law firm in London. In 2016,he entered the diplomatic corps of Antigua and Barbuda,initially serving as Consul General,and subsequently assuming the role of Head of Mission at the Embassy in Madrid in 2018.
Beyond his diplomatic role,he has authored various academic works on trust law,banking and anti-money laundering law and criminal law. [14]
In the aftermath of the Credit Suisse financial scandal resulting in the write-down of CHF 16 billion of AT1 bonds,Dario Item,on May 15,2023,significantly contributed towards public understanding by publishing crucial documents on Antigua.news,a local media outlet in Antigua and Barbuda. [17] [3]
In the disclosure,Dario Item was the first to expose the contents of FINMA's orders on March 19 and March 22,2023,highlighting contradictions with statements from FINMA,the Swiss government,the Swiss National Bank,and the CEO of Swiss Credit in the week preceding the bank's collapse.
His revelations gained substantial international attention,being prominently covered by Financial Times,Reuters, [18] Finews, [19] and other major news outlets. [3] [20] Financial Times considered this expose as "one of the most consequential European banking scoops of the year". [21]
Following this,Ambassador Item continued to publish significant revelations. On October 3,2023,he released an article titled "Credit Suisse AT1s Case:The Unspoken Things," shedding light on the lack of transparency during the March 19,2023 press conference and the subsequent merger between UBS and Credit Suisse. [22]
On November 3,2023,another article titled "Credit Suisse AT1 Bonds:The Missed Opportunity" emphasized Credit Suisse's inconsistent behavior toward investors. These revelations brought forward by Dario Item became sources and further covered by Die Weltwoche,Inside Paradeplatz,and Corriere del Ticino. [23] [22] [24]
Dario Item is recognized by the international press as a primary source for comprehending the Credit Suisse AT1s case. The media outlet where Item published these scoops,Antigua.news,was awarded the Best Online News Media of the Year 2023 for the entire Caribbean. [25]
In addition to his professional activities,Dario Item is actively involved in philanthropy,particularly supporting Antigua and Barbuda's recovery from the COVID-19 pandemic. He is a member of the Caucus of European-based diplomats engaged in relief operations. Furthermore,Item supports the Rotary Club of Antigua and Barbuda,contributing to philanthropic projects on the island. [26] [27]
Dario Item is fluent in Italian,French,German,English and Spanish. [28] Dario Item has been married since 2000. He is a father of 4 children. [1]
Antigua and Barbuda is a sovereign island country in the Caribbean. It lies at the conjuncture of the Caribbean Sea and the Atlantic Ocean in the Leeward Islands part of the Lesser Antilles.
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and has,over the centuries,grown into a complex,regulated,and international industry. Banking is seen as emblematic of Switzerland. The country has a long history of banking secrecy and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests,Swiss banking secrecy was codified in 1934 with the passage of a landmark federal law,the Federal Act on Banks and Savings Banks. These laws,which were used to protect assets of persons being persecuted by Nazi authorities,have also been used by people and institutions seeking to illegally evade taxes,hide assets,or generally commit financial crime.
The University of Parma is a public university in Parma,Emilia-Romagna,Italy. It is organised in nine departments. As of 2016 the University of Parma has about 26,000 students.
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich,it maintains offices in all major financial centers around the world and provides services in investment banking,private banking,asset management,and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also a primary dealer and Forex counterparty of the Federal Reserve in the United States.
The Antigua and Barbuda national football team is the national team of Antigua and Barbuda,founded in 1928 and is controlled by the Antigua and Barbuda Football Association,a member of the CONCACAF and the Caribbean Football Union (CFU). The team has never qualified for the FIFA World Cup or the CONCACAF Gold Cup.
Antigua,also known as Waladli or Wadadli by the local population,is an island in the Lesser Antilles. It is one of the Leeward Islands in the Caribbean region and the most populous island of the country of Antigua and Barbuda. Antigua and Barbuda became an independent state within the Commonwealth of Nations on 1 November 1981.
The monarchy of Antigua and Barbuda is a system of government in which a hereditary monarch is the sovereign and head of state of Antigua and Barbuda. The current Antiguan and Barbudan monarch and head of state,since 8 September 2022,is King Charles III. As sovereign,he is the personal embodiment of the Crown of Antigua and Barbuda. Although the person of the sovereign is equally shared with 14 other independent countries within the Commonwealth of Nations,each country's monarchy is separate and legally distinct. As a result,the current monarch is officially titled King of Antigua and Barbuda and,in this capacity,he and other members of the Royal Family undertake public and private functions domestically and abroad as representatives of Antigua and Barbuda. However,the King is the only member of the Royal Family with any constitutional role.
The Swiss Bankers Association is a professional organization of Swiss financial institutions.
Antigua and Barbuda maintains diplomatic relations with the United States,Canada,the United Kingdom,and the People's Republic of China,as well as with many Latin American countries and neighbouring Eastern Caribbean states. It is a member of the United Nations,the Commonwealth of Nations,the Organization of American States,the Organisation of Eastern Caribbean States,the Bolivarian Alliance for the Americas,Petrocaribe and the Eastern Caribbean's Regional Security System (RSS).
Antigua and Barbuda–China relations refer to bilateral relations between China and Antigua and Barbuda. Antigua and Barbuda has an embassy in Beijing. China has an embassy in St. John's. Diplomatic relations were established on January 1,1983,less than two years after the Caribbean nation's independence,under Deng Xiaoping and Prime Minister Vere Bird,respectively. Diplomatic relations between the two countries have been smooth since then,as China supported Antigua and Barbuda's bid to join the United Nations.
The Swiss Financial Market Supervisory Authority is the Swiss government body responsible for financial regulation. This includes the supervision of banks,insurance companies,stock exchanges and securities dealers,as well as other financial intermediaries in Switzerland. FINMA's name and acronym are usually expressed in English so as to avoid the semblance of favouring any one of Switzerland's linguistic regions.
Baruch "Bruce" Rappaport was an international banker and financier. He was born in Haifa,Mandatory Palestine to Russian-Jewish emigre parents.
A contingent convertible bond (CoCo),also known as an enhanced capital note (ECN),is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs. The concept of CoCo has been particularly discussed in the context of crisis management in the banking industry. It has been also emerging as an alternative way for keeping solvency in the insurance industry.
Sir Ronald Michael Sanders is an Antiguan Barbudan diplomat,academic,former broadcast-journalist,and the current Ambassador Extraordinary and Plenipotentiary to the United States and to the Organization of American States (OAS) since 2015. He holds the unique distinction of being the first person,since the OAS enlarged its membership in 1962,to serve as Chairman of the Permanent Council of the OAS for an unprecedented three terms. He completed his highly successful third term on December 31,2023,having played a widely recognized role in guiding the work of the Permanent Council in the peaceful transition of government in Guatemala on 14 January 2024.
Walton Alfonso Webson is an Antiguan diplomat. He has served as the Permanent Representative to the United Nations in New York of Antigua and Barbuda since 2014. He was President of the UNICEF Executive Board at the international level in 2017.
Dukascopy Bank is a Swiss online bank which provides online and mobile trading,banking and financial services. Headquartered in Geneva,Switzerland,it also has offices in Riga and Tokyo,with over 300 employees.
Zurab Pololikashvili is a Georgian politician and diplomat,currently serving as Secretary-General of the World Tourism Organization. From 2005 to 2009 he was the Deputy Minister of Foreign Affairs of Georgia,and he served as ambassador to Spain,Morocco,Algeria and Andorra.
Karen-Mae Hill,is the High Commissioner for Antigua and Barbuda to the United Kingdom and member of the Commonwealth's Board of Governors. Hill is also the Ambassador Extraordinary and Plenipotentiary of Antigua and Barbuda to the Republic of Estonia.
Camp Blizzard is the headquarters of the Antigua and Barbuda Defence Force. The camp is located in the village of Osbourn,Saint George Parish;located nearby to Shoal Point,the American University of Antigua,and the V. C. Bird International Airport.
On 19 March 2023,Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. The Swiss National Bank supported the deal by providing more than CHF 100 billion in liquidity to UBS following its takeover of Credit Suisse's operations,while the Swiss government provided a guarantee to UBS to cover losses of up to CHF 9 billion over the short term. Additionally,CHF 16 billion of Additional Tier 1 bonds were written down to zero.