European Parliament Library

Reforming the Corporate Governance of Italian Banks, Nadège Jassaud

Abstract
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large cooperatives. Although Italian banks have recently made progress in improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i) strengthening further the existing banking regulations through stricter fit-and-proper rules for directors and controlling shareholders; (ii) implementing the new related party lending regulation with tightened definitions; (iii) strengthening oversight of foundations when they are the controlling shareholders in banks; and (iv) facilitating the transformation of large cooperatives into joint stock companies
Table Of Contents
Cover; Abstract; Contents; I. Introduction; II. Foundation-Controlled Banks; A. Foundations as Bank Owners; Figures; 1. Foundations Having Fully Disinvested From Their Original Banks; 2. Structure of Ownership in Italian Banks and Presence of Foundations; 3. Unicredit- Intesa - Foundations as Controlling Minority; 4. Cross-Shareholdings in the Largest Italian Financial Institutions; Boxes; 1. Monte dei Paschi, Foundation Monte dei Paschi, and the City of Siena; B. Strengths of Foundation Ownership; 2. European Experience with Foundations and Banks; C. Challenges Raised by Foundation Ownership
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (32 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780148433328

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