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

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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
Form Of Item

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