It will not be easy for the prime minister, Matteo Renzi, lock down the text decree on the reform of banks. On The Contrary. The process of conversion is expected to be rather busy judging dall’altolà of Ncd, from the barricades raised by the League, but also by the concerns raised in the center left. Meanwhile, however, the defense is a must in a few hours from the green light by the Council of Ministers. With the reform launched the first ten popular Italian “forced by law to become spa can be closer to the international markets.” And this “is a truly radical change compared to our traditional system,” the premier said in an interview from Davos to The details of the maneuver that clears the historical-vote are still being studied, but the spotlight, the process is especially true of its application to part of the banks concerned. The text of the measure gives 18 months to the popular, but get a postponement of the deadline for institutions could be a valuable goal that better prepare the soil and defenses. Also because, as is well known, the operation launched by the government makes the banks in question actually contestable. Hence bets on the stock market consolidation process on the horizon in the field. After soaring yesterday, in fact, still flies Banco Popolare (+ 9.5%). While it ended in auction Popolare Etruria with a rise of 30.5% theoretical. Well even Bper (+ 3.37%) and BPM (+ 2.65%). Meanwhile, the move to Renzi cashes also the promotion of Brussels. It is a decree that “should simplify the governance structure ‘of popular and” make it easier for them to raise capital, “has said the spokesperson of the EU Commissioner for financial services Jonathan Hill. In the background New details emerge on the text of the measure. Taking it simpler rules to transform banks into joint stock companies: the last draft text approved by the CDM, it provides that on the first call you should get the two-thirds majority, “as long as the assembly is represented at least one-tenth the shareholders of the bank. ” But on second call just the go-ahead two-thirds “of the members attending the meeting.” Also increased the maximum number of proxies that can not be “less than 10″ nor “over 20″.
It will also be so, but the big world of popular invested in full by the reform (Ubi Bank, Banco Popolare, BPM, Bper, Creval, Popolare di Sondrio, Banca Etruria, Popolare di Vicenza, Veneto Banca Popolare di Bari, all with over 8 billion of assets) the re are. Tomorrow, representatives of institutions will meet in Milan for a first summit with the aim of studying the counter-reform-shock of the government. The meeting, apparently, had been summoned to discuss ICBPI, the Central Institute of cooperative banks, the purchase of which would come an offer of 2.2 billion euro by the fund Permira, but will the opportunity to put on the table a much more delicate.
Not only. Also shows that the Bank of Italy may limit the right of withdrawal of the shareholders of the banks themselves “as an exception to the law.” In particular, “the right to redeem shares in the event of withdrawal ‘may be limited” extent necessary to ensure the computability of the shares in the regulatory capital of the bank’s primary quality. For the same pur poses, the Bank of Italy may limit the right to reimbursement of the other equity instruments issued. “
In addition, there is a system of sanctions for institutions that, surpassing the limit of 8 billion in assets, within a year will not come back under the threshold or not deliberino transformation in spa or liquidation. Penalties ranging from the ban on launching new operations to the proposed revocation of the banking activity and forced liquidation.
It will also be so, but the big world of popular invested in full by the reform ( Ubi Bank, Banco Popolare, BPM, Bper, Creval, Popolare di Sondrio, Banca Etruria, Popolare di Vicenza, Veneto Banca Popolare di Bari, all with over 8 billion in assets) there are. Tomorrow, representatives of institutions will meet in Milan for a first summit with the aim of studying the counter-reform-shock of the government. The meeting, apparently, had been summoned to discuss ICBPI, the Central Institute of cooperative banks, the purchase of which would come an offer of 2.2 billion euro by the fund Permira, but will the opportunity to put on the table a much more delicate.
The details of the maneuver that clears the historical-vote are still being studied, but the spotlight, the process is especially true of its application to part of the banks concerned. The text of the measure gives 18 months to the popular, but get a postponement of the deadline for institutions could be a valuable goal that better prepare the soil and defenses. Also because, as is well known, the operation launched by the government makes the banks in question actually contestable. Hence bets on the stock market consolidation process on the horizon in the field. After soaring yesterday, the People’s pink jersey
Etruria and Latium (+ 27.28%), ahead of Popolare di Sondrio (+ 11.2%) and the Creval (+ 10.9%). Among the big Banco Popolare (+ 9.8%) precedes BPM (+ 3.6%), B to (+ 3.2%) and Ubi (+ 3%). Meanwhile, the move to Renzi cashes also the promotion of Brussels. It is a decree that “should simplify the governance structure ‘of popular and” ; make it easier for them to raise capital, “has said the spokesperson of the EU Commissioner for financial services Jonathan Hill.
In the background New details emerge on the text of the measure. Taking it simpler rules to transform banks into joint stock companies: the last draft text approved by the CDM, it provides that on the first call you should get the two-thirds majority, “as long as the assembly is represented at least one-tenth the shareholders of the bank. ” But on second call just the go-ahead two-thirds “of the members attending the meeting.” Also increased the maximum number of proxies that can not be “less than 10″ nor “over 20″.
Not only. Also shows that the Bank of Italy may limit the right of withdrawal of the shareholders of the banks themselves “as an exception to the law.” In particular, “the right to redeem shares in the event of withdrawal ‘may be limited” extent necessary to ensure the computability of the shares in the regulatory capital of the bank’s primary quality. For the same pur poses, the Bank of Italy may limit the right to reimbursement of the other equity instruments issued. “
In addition, there is a system of sanctions for institutions that, surpassing the limit of 8 billion in assets, within a year will not come back under the threshold or not deliberino transformation in spa or liquidation. Penalties ranging from the ban on launching new operations to the proposed revocation of the banking activity and forced liquidation.
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