(Adds statements Giarda) ROME, May 26 (Reuters) – The Bank of Italy is expected to finalize the arrangements for implementing the reform of cooperative banks, approved by Parliament in late March, within mid-June. ‘As reported a source close to the situation on the sidelines of the annual meeting of shareholders of the institute of supervision. Since the entry into force of the decision of the Bank of Italy’s top ten Italian banks will have 18 months to transform into joint action and overcome the rule of ‘one person one vote’ that so far has limited its contestability. In the Final, the governor of the Bank of Italy Ignazio Visco noted that “not a few intermediaries, especially medium-sized, are considering mergers, also in response to recent regulatory changes,” but did not refer to times the measure of competence of Via Nazionale. The omission was seized by Piero Giarda, chairman of the supervisory board of Banca Popolare di Milano, considered one of the future poles aggregators. “We have all noticed that the governor did not talk about these obligations that are in the hands of the Bank of Italy,” he told reporters at the conclusion of Giardia in Via Nazionale. “The timing has not yet begun. Our attitude is that of a flat route to visit places and enjoyment of nature”. Giarda said Pop Milano has not yet decided whether to aim for a merger before or after processing in the spa: “You will see the conveniences regarding when to do one thing rather than another. This is why the bank has started a procedure with the potential advisor: there are technicalities in this very complex issue. You must have patience. ” More …
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