The reform of cooperative banks could lead to greater consolidation, but an improvement in governance and strategy is needed. To say it is Standard & Poor's, through the mouth of the associate director financial institutions Mirko Sanna, which promotes with reserve the reform of the banking system implemented by the Renzi government.
For Sanna, in fact, the reform could herald a reduction in the fragmentation of the sector, "by removing the main obstacles to mergers". A positive factor, but not sufficient to produce significant effects on the system, if not accompanied by "an improvement in governance, management and strategy".
