The Reform of Italian Cooperative Banks

Released on by MissEva Gutierrez
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  • The Reform of Italian Cooperative Banks Book Detail

  • Author : MissEva Gutierrez
  • Release Date : 2008-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 20
  • ISBN 13 : 1451869363
  • File Size : 7,7 MB
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The Reform of Italian Cooperative Banks by MissEva Gutierrez PDF Summary

Book Description: This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time of distress, complicating the bank resolution process ?specially for large banks?and may not provide adequate incentives to control banks' management. Reforms should preserve the positive characteristics that make cooperative banks a valuable addition to the Italian financial system, while providing enough flexibility and incentives for banks to adopt a suitable governance model. Our empirical analysis suggests that cooperative banks may enjoy a higher degree of monopoly power than commercial banks. Thus, regulations and the enforcement of antitrust policies should ensure a leveled playing field.

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The Reform of Italian Cooperative Banks

The Reform of Italian Cooperative Banks

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This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time of distress, complicating the bank resolut