Regulatory Alerts2005-07-19
CICR Deliberation No. 1057 of 19 July 2005 on Shareholdings, Control in Banks, and Related-Party Lending
The Interministerial Committee for Credit and Savings issued Deliberation No. 1057 to regulate significant shareholdings and control in banks, requiring prior authorization from the Bank of Italy for acquisitions exceeding specific thresholds. The regulation establishes strict limits on risk exposures to related parties, particularly those operating in non-banking sectors, to prevent conflicts of interest and ensure prudent management. It further defines the criteria for authorizing, suspending, or revoking such participations and mandates transparency regarding ownership structures and governance.
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