European Parliament Library

The Reform of Italian Cooperative Banks :, Discussion of Proposals, Eva Gutierrez

Abstract
This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time of distress, complicating the bank resolution process ?specially for large banks?and may not provide adequate incentives to control banks' management. Reforms should preserve the positive characteristics that make cooperative banks a valuable addition to the Italian financial system, while providing enough flexibility and incentives for banks to adopt a suitable governance model. Our empirical analysis suggests that cooperative banks may enjoy a higher degree of monopoly power than commercial banks. Thus, regulations and the enforcement of antitrust policies should ensure a leveled playing field
Table Of Contents
Contents; I. Introduction; II. The Italian Cooperative Banking Sector; A. Structure of the Sector; Tables; 1. Cooperative Banking Sector in Selected European Countries; 2. Main Features of Italian Cooperative Banks; B. Sector Performance; 3. Italian Banks Performance Indicators; III. Discussion of Governance Reform Proposals; A. The Case for Governance Reform; B. A Proposal for Reform; Box; 1. Pros and Cons of Mandatory Conversion to Joint Stock Company; 4. Summary of Reform Proposals; IV. Cooperative Banks And Competition; V. Conclusions
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282448056

Library Locations

  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow