The reform of the CCBs (cooperative credit banks), included in the decree on banks, is making progress and after the examination by the Finance Commission, which concluded this afternoon, is preparing to land on Monday next week in the Montecitorio hall. Important are the amendments that have been made by the majority to freedom of exit (way out) for cooperative credit banks that have assets of at least 200 million euros and that do not want to be part of the single holding.
Whoever seeks a way out will maintain the indivisibility of the reserves, a cardinal principle of cooperative credit, provided that they transfer the business and the banking license to a downstream spa and provided that they pay an extraordinary tax equal to 20% of the net assets and carry out this operation within 60 days of the conversion of the decree. But the novelty that has emerged in the last few hours from the Finance Commission is the amendment that allows the way out even to smaller CCBs as long as they join a CCB that has the capital requirements to be able to ask to leave the single holding.
The way out should be joined by the South Tyrolean CCBs, those from Trentino, the main CCBs in Tuscany and other CCBs in Emilia, Lombardy and Sicily.
The Bank of Italy, on the other hand, will have the task of establishing the requirements of the parent holding company
