Popular reform: the appeals Spa slip in February, Ubi to the assembly – Il Sole 24 Ore

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This article was published on 7 October 2015 at 18:39.
The last change is the October 7, 2015 at 20:44.

Slide in February to the substance of all appeals against decisions of Bank ‘ Italy on the reform of the banks. The third section of the Lazio Regional Administrative Court in fact rejected the request for precautionary suspension of the circular of the Bank of Italy presented by some members of Ubi, led by Piero Lonardi, and other Popular, and set the substantive discussion to February 10, when they also discussed resorts Abusbef, Consumers Association and some members of the cooperative banks, already postponed to February this morning. The order and ‘just been published.

In detail today Tar expressed on three specific requests for suspension relating to the measures of Palazzo Koch: two of these – those made by associations of consumers and a group of small shareholders of banks – directly in February were postponed at the request of the lawyers, without the suspension request to be examined. He remained standing only a third appeal, that the request for precautionary suspension on the indication of the Bank of Italy, which prohibits the construction of a holding company controlled by the shareholders in the form of cooperatives, which holds a majority of a bank Spa. But even in this case, as mentioned, in the afternoon the Tar rejected the suspension request and has decided to go directly to about February.

The industry as we know is struggling with a process of transformation that requires 10 major banks to abandon the-vote and become Spa by December 2016, as required by the Decree-Renzi Padoan. A process in which the front row Ubi Bank: in the light of today’s decision of the TAR, the bank Lombard should confirm the roadmap envisaged, which provides for the convening of the extraordinary meeting for Saturday, October 10, when shareholders will vote on the transformation in Spa.

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