Italy: New banking system rules
Studio Legale Beltramo, Rome |
February 01, 2009
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Studio Legale Beltramo
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The present international crisis of the economic, financial and banking system has urged the Italian legislator to come up against the crisis through the adoption of new provisions in favour of banks.
Rules have been introduced by Law Decree 155 of October 9 2008 (Decree 155), converted with amendments into Law 190 of December 4 2008.
Decree 155 provides substantial and extensive interventions to be made by the Ministry of Economy and Finance (Ministry) in favour of Italian banks and for the safeguard of depositors.
The Ministry is, in fact, authorised to subscribe or guarantee the increase in the share capital of Italian banks in relation to which the Bank of...
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