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Popular banks and Bcc: Conte announces the revision

In his reply to Montecitorio for the vote of confidence, the premier announces the revision of the two banking reforms, long advocated by the Bank of Italy and implemented by the Renzi government and warns that the opportunity to distinguish commercial banks from investment banks is being evaluated

Popular banks and Bcc: Conte announces the revision

New rules coming for Popular Banks and Bcc? Maybe yes, based on what was announced by Premier Giuseppe Conte, in his reply to Montecitorio in the debate on trust in the new government.

An hour of reply in which the Prime Minister explained and underlined some central points of the Lega-M5s government program. Environment, immigration, justice, basic income, flat tax and foreign policy are the issues Conte focused on in his speech preceding the vote of confidence in the Chamber.

A speech without twists, apparently, within which, however, an unexpected announcement has arrived on the banking sector. In fact, the Government's intentions seem to include a "review of the recent provisions on cooperative banks and cooperative credit". These are the words used by Conte who responded to the accusations of disinterest in the credit problem as follows: "During the consultations I met savers who are in great difficulty, but we are more interested in the system problem: we are gaining awareness and evaluation , which is in the contract, that there is a distinction to be made between credit banks, and above all those that are characterized at a territorial level, and investment banks, more linked to speculation".

Less than three years after the reform of the Popolari desired by the Renzi government and less than two from that of the CCBs, the rules could change again, despite the ruling of legitimacy arrived by the Constitutional Court on 22 March. What and how many changes the new government intends to implement at the moment is not known, but it is certain that Conte's anticipation has added a new piece to the now famous government contract signed by the two majority parties.

In detail, Conte referred to the banks most deeply rooted in the area, those institutions that finance "small and medium-sized local enterprises" to then speak of a new "revision". A proposal that seems to go in the same direction as the two motions presented by the League a few weeks ago, in which Matteo Salvini's party asks the Government for a commitment to postpone the deadline for the creation of the parent company of future cooperative credit centers by at least 18 months .

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