Matteo Renzi does not hide it. Speaks of a theme “much discussed, fought, controversial.” Sure, added during the press conference, “we said to the senators who were to change the very idea of the Senate, imagine if we were afraid to say some really too tied to the power of rent of the territory that had to change themselves.” But despite the bravado and security, probably in no Council of Ministers of the first government Renzi, a measure proposed by the Prime Minister has seen such clear statements of position contrary by other members of the executive. Against the reform of Popular Banks has raised the voice of the minister of infrastructure Maurizio Lupi. In a lengthy and impassioned speech, he challenged the “method and the substance,” the government measure. A line on which the bank also served as the Minister of Justice, Angelino Alfano. Both have done this to Renzi that the New Center Right in Parliament, the People’s Party, held hands free. Vote, in short, according to conscience. The process of the decree, therefore, not promises of the simplest. On The Contrary. Both in the ranks of the center-right than in the center-left, the host pro-banks is definitely nourished while many business associations linked to the territory they shouted in a loud voice their opposition. But already before arriving in Parliament, the text released by the Council of Ministers, and on which he was working again last night, has the flavor of a first compromise. The text no longer provides for the abolition of Article 30 of the Banking Law that, in fact, would put an end to the concept of cooperative bank.
The reform will be limited, as anticipated from The Messenger , the larger institutions, those with assets of more than 8 billion. A limit that will cover, in the case of bank groups, the perimeter of consolidation. It is, for now, ten banks in all, seven of which are listed on the Stock Exchan ge. The others in the future were to exceed the limit of 8 billion, will have only 12 months to turn. The reform will not enter into force immediately. The top ten institutions will have 18 months to be transformed into joint stock companies.
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But why use a tool like the decree, which can be put in place only for emergencies, then when the reform will still 18 months? To this question the Minister of Economy, Pier Carlo Padoan, responded that “it was necessary to give a signal.” A “shock” to the sector, but with a speech “gradual.” Just the concept of gradualism was somehow expected by bankers. The reform would in fact delivered immediately Popular funds already in the capital, often foreign, who would find themselves suddenly “masters”. Bankers, of course, are up in arms: for tomorrow at 16 would be reserved for a meeting between the main presidents to see what to do. The President of Assopopolari Ettore Caselli is looking at supporting members of the League and FI oppose the transformation tout court that, according to the decree, requires a qualified majority in the assembly. In the event of a vote against by the shareholders, w ithin a year Bankitalia and MEF may decree the liquidation. Among the most popular in turmoil there BPM, where the presence of unions is crucial in decision meeting. Do not forget that in April 2013, the former owner Andrea Bonomi tried a reform to the soft spa, offering distance voting: 95% of members (most of the employees) voted against. Now within the institution are being prepared countermeasures: last night would have been probed a prestigious law firm to test the feasibility of an action. In short, the reform could end up in official documents.
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