Bcc, the Council of Ministers launches the credit cooperative reform – Stadio24.com

The very serious crisis in the Italian banking system, under speculative attack of the markets for debasing the value and make the bank more attractive, easy prey of speculative finance, has its origin in the unfortunate delusion of omnipotence and the ECB-EU domain, as well as having pretended mergers and credit concentrations, with the deceptive promise to make more bank and banking services more efficient, dell’art.47 in open violation of the Constitution , imposed criminal asset seizure with bail-in; Order on reform bank popular to quote them and make them scalable from Black Rock on duty; the upcoming Reform of the cooperative credit .

The section on Refunds that will be paid to savers at the end the checks, will be being cheated (ie invited to invest in riskier bonds of which had not been duly informed) will, in fact, included in a Order Ministry of Economic Affairs that it would in the finishing straight. The reform of the BCC , said a statement issued at the end of the CDM, will allow to overcome critical of the sector discipline and aims to confirm the role the BCC bank of cooperative communities and territories; improve the quality of governance and streamline the internal organization; ensure more efficient allocation of resources within the system; enable the timely retrieval of Capital in the event of capital tensions, including access to external capital to cooperatives; ensure the unity of the system to increase the competitiveness and stability in the medium to long term. There remain, however, confirmed on the reform of Bcc and measures for state guarantees on loans .

The core of the measure is the decision to set up a ultimate holding company to which will join the cooperative banks , having signed a pact of cohesion, with the idea of ​​creating a structure with a capital of at least 1 billion euro , able to lend a hand to those institutions that should, find themselves in dire straits.

The Council of Ministers also approved a draft law for adjustments of bankruptcy law, unavoidable for bankruptcy proceedings that they can solve more quickly recovery and the sale of credit .

“ From today, the Italian banking system is stronger “. To facilitate the capital individual Bcc has been raised the maximum investment in Actions of a bank of credit union and the minimum number of members. “The measure has characteristics such as to exclude the presence of elements of aid as formally confirmed by the European Commission today – said Palazzo Chigi -”. In addition, the state guarantee comes into play when the bank sold more 50% of the securities Junior , as more risky, the first of which will fall any losses. The Order government expects the price of the guarantee is constructed taking as reference the prices of credit default swaps of Italian companies with a rating corresponding to that of thiols senior object of the guarantee. There is a new ‘also to further encourage Bad Bank , which will take over the assets and loan guarantees, suspended for two years registration tax against them . It is not over: “We will do all that is necessary to resolve the issue of the impaired loans .”