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CMS Italy Newsletter | 27 Jan 2015

New legal framework for major mutual banks

27/01/2015

On the 20th of January the Italian Government approved a Decree (so called “Investment Compact”), published in the Official Gazette on 24th January, which will have a material impact on the major Italian mutual banks (the so-called “Banche Popolari”). Indeed this type of banks enjoys a special regulation which aims at ensuring the safe development of the economic entities operating in the local territory where the bank is active, similarly to cooperative banks.

Publication
New legal framework for major mutual banks
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Authors

Picture of Paolo Bonolis
Paolo Bonolis
Partner
Rome
Giovanni Battista Donato