Banking Privatisation in Europe: The Process and the by Roberto Ruozi, Luisa Anderloni

By Roberto Ruozi, Luisa Anderloni

Banking privatisation represents one of many significant forces that are considerably altering the banking quarter in Europe. learning the method of banking privatisation hence is helping to appreciate the dynamics of the sphere. This publication analyses - from the viewpoint of either advertisement banking and funding banking - a number of the strategies of banking privatisation in Europe and their results at the options and buildings of banks. In its theoretical half, the e-book considers technical and monetary features of banking privatisation from Spain, France, Italy, Norway, Germany, and Russia. An quintessential interpreting for funding bankers, regulators in addition to policy-makers liable for the life of effective and strong banking systems.

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Conversion Process 23 The limited companies, on the other hand, are private law companies in which the State has a significant stakeholding. Before the privatising process most of the stakeholdings were held by the govermnent and managed by the National Enterprise Board, which was later turned into the British Technology Grouy5 under the conservative government in the 80's. This group, modelled on the Italian state holding company IRI, was given less managerial freedom by the controlling ministry - DTI.

Finally, even certain important acts, like the balance sheet, contained unacceptable legal ambiguities. 181 and onwards. 54 See Banca d'Italia (1988), p. 44 and onwads. 32 B. Alemarmi Together with the reasons mentioned above, the transformation into joint-stock companies55 was welcomed for other respects. In the first place, in order to satisfy the need to eliminate the mixing of public interest and business management within the bodies. Secondly, to make possible incorporation or merger processes with banks belonging to other legal categories.

This category includes many operative situations, but in each case it is possible to identify some characteristic features. The business initiative in this case was conducted directly by the public body specifically constituted to this end. The act of constitution identified: the 49 For a wide-ranging discussion of the history and evolution of state participation in Italy refer to Cecere (1995), chap. I. 1. Conversion Process 29 purpose of the body, ascribing or not ascribing it status under public law, the legal regime, the degree of autonomy and the system of controls.

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