Examples of Italian Banking Law in a sentence
On the one hand, as Presti (1998) puts it, the Italian Banking Law (T.U. Bancario) does not prescribe the mutualistic aim for the Banche Popolari, and does not stress those rules that are normally used in the general law either to favour it or to compress the lucrative aim.
FGA Capital SpA Financial Intermediaries as per Art 107 of Italian Banking Law Banca d’Italia Germany ..
Moreover, please note that any significant agreement/ transaction which is not resolved upon by the Board of Directors is reported periodically to the latter on a Group basis.Lastly, certain obligations are also set out for Company’s Directors and corporate officers by Article 136 of the Italian Banking Law (Legislative Decree nr.
It is structured as a medium or long loan contract between individuals aged 60 or older and banks, credit institutions or financial institutions under the supervision of the Italian Banking Law secured by first rank mortgage on residential property.
UniCredit has assigned such duties to the “Related Parties and Equity Investments Committee”, which is composed only of independent directors.Lastly, certain obligations are also set out for the Company’s Directors, Statutory Auditors and corporate officers by Article 136 of the Italian Banking Law (Legislative Decree no.
Despite these differences, the Italian Banking Law of 1936 shared with the Glass-Steagall Act the objective of functional sepa- ration of the banking system: deposit-creating banks were restricted to extend relatively short loans, while leaving longer-term loans to special credit institu- tions that obtained financing from the capital market.
The registration of this Joint Merger Plan with the Italian Company Register is subject to the authorisation by Bank of Italy as per article 57 of the Italian Banking Law, Legislative Decree no.
Among these, the largest group is that of CBs.According to Italian Banking Law (Art.
To some extent, it may be said that under the previous regime (i.e. under the Italian Banking Law of 1936 as well as under the Consolidated Banking Act of 1993), Italian supervisory practices already envisaged unwritten “resolution tools” which often relied upon bailouts.Such unwritten tools were used in combination with the administrative insolvency procedures (amministrazione straordinaria and liquidazione coatta amministrativa).
Lastly, certain obligations are also set out for the Company’s Directors and corporate officers by Article 136 of the Italian Banking Law (Legislative Decree 385/93), whereby they may assume obligations, directly or indirectly, for the bank they manage, direct or control only with the Board of Directors’ unanimous approval and the favorable vote of all the members of the Board of Statutory Auditors.