Banks, in maxidecreto there are no refunds – The Republic

ROME – From the maxi-Decree Law on Banks comes off an important piece. The rules on the criteria for reimbursement to the four local banks that failed in November are written off, postponed and assigned to a different measure, a decree of the Ministry of Economy. A regulation therefore, to be then validated by the State Council. The intent is to speed up the journey. And ‘the decision on one of the most anticipated themes, taken by the Council of Ministers in a meeting lasting three hours and ended close to midnight. The Renzi explains: “For refunds to people who will be recognized as swindled by arbitration there is no need of a decree, it is to wait for the Prime Ministerial Decree and the Ministerial Decree which are substantially ready and will be presented in the coming days”. “We had the idea of ​​being able to modify the stability law by decree law, but there seemed to be a convoluted assumptions – he adds – There was no slip or referral but the choice not to change laws that are already active.”

“from tomorrow – said Renzi – the banking system will be more solid after the choices tonight.” First of all with the reform of cooperative banks, waiting for more than a year, that follows ( “with a few differences,” explained the Prime Minister) of the self-reform scheme proposed by the same co-operative banks: a parent holding company, with a capital of at least one billion, to which the banks will join through a pact of cohesion. “Reasonably there will be a group that will form a large umbrella rescue and cohesion for all Bcc who decide to stay in. The model remains the CBs but must stay inside a system that will have more strength and solidity,” says Renzi. “We hope – he continued – that the reform is implemented in the most intelligent and innovative way possible by the individual cooperative banks. I hope they can quickly merge, join, join, while respecting their autonomy: Italy needs a little more banks big. “

the banks will be” free not to join “the holding company and remain cooperative or as long spa though to have a minimum equity of 200 million euro and from paying 20% ​​to maintain reserves (now formally public). The Minister for Economics Pier Carlo Padoan noted that at the moment there are about a dozen banks that fit this identikit but it is said that all choose not to join the new holding company.

The President of the Council concludes assuring that “the Italian system is sound, it is not the most worrying in the world.” It comments: “I am much more concerned about banks in other countries, even the most solid of Italy because a banking crisis, for example, Germany has some effect here too.”

It ‘was finally early part of the reform of bankruptcy law, to speed up the recovery of debts by banks. In particular, will be suspended for two years the registration tax on property transfers in judicial procedures.

Topics:

maxidecreto banks

failed banks

reform bcc

government

banks

Starring:

Matteo Renzi

pier carlo Padoan

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