La riforma delle banche popolari

Law No. 33 of 24 March 2015 has finally perfected the reform of the "banche popolari", introduced by a decree of the Government and approved by the Parliament with minor changes. A lot of novelties, doomed to strongly impact the Italian banking system. In particular, the duty of transformation into stock company for banks that have assets exceediting the threshold of eight billion euro. But also the possibility to limit the righy of redemption of shares, and other equity instruments issued, in case of withdrawal of shareholders. This commentary provides a first comprehensive examination of the reform.