Coop bank reform 'valid' says Federcasse (2)

But parliament must improve reforms says Azzi

(ANSA) - Rome, February 11 - The Federcasse federation of cooperative banks (BCCs) on Thursday said the government's reform of the BCCs was "valid" but voiced concern "on the possibility of allowing BCCs above a certain capitalisation threshold to cede banking activity to a limited company with a 20% enfranchisement of the indivisible reserves. Federcasse President Alessandro Azzi voiced the hope that parliament will "improve" the reforms to make sure the original goal of "consolidating and bolstering Italian banking firms" is achieved. The BCC reform was approved by cabinet Wednesday night.


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