Bank of Italy publishes rules on cooperative bank reform

June 11, 2015 8:42 PM

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MILAN, June 11 The Bank of Italy said on Thursday it had published rules required to implement a landmark reform of the country's biggest cooperative banks.

With these rules, the law decree that gives the largest cooperative banks 18 months to turn into joint-stock companies is complete, Italy's central bank said. It asked banks to start reforming themselves to comply with the law.

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