Regulatory Alerts2008-07-29
CICR Deliberation No. 276 of 29 July 2008 on Shareholdings Held by Banks and Banking Groups
The Interministerial Committee for Credit and Savings issued Deliberation No. 276 on 29 July 2008 to regulate the shareholdings that banks and banking groups are permitted to hold. The regulation is grounded in the Consolidated Law on Banking and Credit and specifically addresses the legal framework for cooperative banks providing collective guarantee services. It establishes the supervisory powers of the Bank of Italy to ensure adequate capital and risk containment within banking groups.
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