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This article was published March 13, 2015 at 06:38.
ROME
Green light, yesterday, by the Chamber of the House to the decree and investment banks that contains the reform of popular and now passes in the Senate: the yes were 290, the 149 and no abstentions 7.
Article 1 of the measure, the subject of discussions tighter, has passed almost unscathed the examination of deputies, but left unsatisfied opposition and the minority of the Democratic Party. asking, like the Movement 5 stars, a survey on the role of banks.
‘instead been rewritten Article 2 on the portability of current accounts, with the ability to fine managers and employees of banks that do not transfer within the accounts within 12 days at no cost.
Finally, the text adopted on first reading there is a package of adjustments to the rules establishing the so-called innovative SMEs, whose audience is expanded, while the Sace has been brought under the aegis of the Deposits and loans for decisions on disbursements of export credit.
Meanwhile, the National Council of Federcasse, the Italian Federation of Cooperative Banks and Rural Banks, met yesterday afternoon in Rome, approved all ‘ unanimously a resolution that defines the lines- guide the project of self-reform of the system that owns 379 crates cooperatives.
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ROME
Green light of ‘Classroom of the House to the decree and investment banks that contains the reform of popular and now goes to the Senate: the yes were 290, the 149 and no abstentions 7.
Article 1 of the measure, the subject of discussions tighter, has passed almost unscathed the examination of deputies, but left unsatisfied opposition and the minority of the Democratic Party. instead been rewritten Article 2 on the portability of current accounts, with the ability to fine officers and employees of banks that do not transfer the accounts within 12 days at no cost. Finally, the text adopted on first reading there is a package of changes to the rules establishing the so-called innovative SMEs, whose audience is expanded while the Sace has been brought under the aegis of the Deposits and loans for what concerns the decisions in disbursement of export credit. Here are the relevant changes.
The popular
Enter the decree for the possibility that they will become popular spa in the Statute a roof rights vote of the shareholders at the meeting, as an anti-takeover, provided that not less than 5% and a maximum period of 24 months from the date of conversion of the Decree. It remains the threshold of the 8 billion in assets as rod above which the obligation of transformation in Spa. Therefore, on the basis of the balance sheet in 2014, the banks that are required to turn in Spa within 18 months from ‘enactment of implementing regulations of the Bank of Italy are ten and are, in order of decreasing size: Banco Popolare, Ubi, Bper, Popolare di Milano, Popolare di Vicenza, Veneto Banca Popolare di Sondrio, Credito Valtellinese, Popolare di Bari and finally Popular Etruria and Lazio.
Portability and fines
The accounts will be transferred at no cost to the customer within 12 working days, penalty fines, from 5 thousand to 64 thousand euro for executives, but also the employees of banks defaulting; a decree of the MEF, felt Bankitalia within four months will determine the amount of compensation for delays. Institutions have three months to adeguarsi.Le rules also apply to move securities accounts. Also facilitated the opening of cross-border bank accounts.
Credit exports
An ‘other major change concerns the Sace. It will be the group leader, Deposits and Loans Fund, unlike originally planned, to provide export credit “directly, or through Sace, or another of its subsidiaries.”
Pmi innovative
‘was expanded audience of SMEs that have the same facilities of innovative start-ups: these are in fact also the corporation, if unlisted, and cooperatives, for which just self-certification for commercial registration. Among the parameters to fit in the new definition, investment in innovation. Even financial intermediaries may subscribe shares of start-ups and innovative SMEs. The possibility of access to the guarantee fund is also provided to insurance and collective investment schemes
social security institutions and UCITs
The social security institutions and bodies collective investment may participate “in minority” stake in the new company for the capitalization and restructuring of companies in crisis, as it rises to 550 million guaranteed by the state for business in receivership.
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