Reform of cooperative credit banks: the threshold of 200 million bone of contention – Il Sole 24 Ore

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This article was published on February 14, 2016 at 17:31 hours.
the last change is the 14 February 2016 at 20:21.

it promises to be easier to convert the decree into law on cooperative credit banks (CBs). The bone of contention is ila threshold of 200 million funds will allow some institutions not to join the bank holding company: protests on this point, it would be inserted at the last minute from Palazzo Chigi, come from the opposition, and not only, as the concerns expressed by the Deputy Minister for Economics, Enrico Zanetti. Does not remain deaf to the protests, the Interior Minister, Angelino Alfano, who promises listening to the associations and then, he says, “will be discussed in Parliament.”

The text has yet to be published in the Official Gazette, but the debate is very hot right on the threshold issue that, according to the League’s Giancarlo Giorgetti, is configured as an “ad personam” norm, with which you It offers a way out “at some institutions, even territorially linked to who is at Palazzo Chigi.” The reference is to some Tuscan bank, but Giorgetti ensures that it is not just those: “In general – says – no nell’escluderne some logic and misdirect them toward the spa system, from a principle of mutuality to one lucrative and leaving room for speculation that at this time the government could save himself. ” Caustic Renato Brunetta comment (Forza Italy), which observes on Twitter: “Not good at camouflaging these renziani. Luca Lotti never speaks. These days instead of hyperactive Bcc. The are just at heart …. ” Try to turn off the controversy on the Democratic Party economic manager, Filippo Taddei, which excludes “absolutely” favors the Tuscan banks and points out that “the reform allows to free itself from the cooperative system and become Spa in effect. But in this case you do take responsibility and you’re asked to pay a cost, 20 percent of the indivisible reserves that had accumulated with the tax benefits. All it takes. ” Alfano also cuts short the affair Tuscany: “I consider it unjustified – he says – the polemics against Renzi on this point. It seems to me a way of provincializing a debate that instead connects us to Europe. I am opposed to open compared to clash within the government. ” But it’s not just suspicions about ways out to cause the alarm: “The BCC with more than 200 million equity – in fact, explains the EP Vice-President Antonio Tajani – can become spa, instead of adhering to the one group, freeing reserves with the payment of a tax. Whereby the assets, indivisible today becomes available assets, and this is likely to be State aid. ”

It reiterates its concerns on the roof of 200 million, which considers “arbitrary and not sharable ‘, also the Deputy Minister of Economy Zanetti, because the obligation of holding must cover” all or none. ” The reform, however, “it is important” because there is “the objective need for a growing process of banking integration aimed at providing greater guarantees to investors and savers.” Tomorrow, meanwhile, banks at the center of debate even in the classroom of the House: planning is the discussion on the motions relating to the bail-in legislation, namely the internal rescue of an institution, at the expense of shareholders, bondholders and depositors over 100 thousand euro. The Movement 5 stars asks for a postponement to 2018, while the Conservatives and reformists are pushing for a strong information campaign and, as a last resort, for a slippage of 18 months, to July 1, 2017.

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