Headlines
Exclusive-EU set to act against Italy's use of golden power on bank deals
Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
The EU is set to challenge Italy's golden power laws, which are seen as obstructing bank consolidation efforts across Europe.
BRUSSELS/ROME (Reuters) -The European Commission is set to act against Italy's golden power legislation as part of a push against EU countries hampering bank consolidation in Europe, four sources with direct knowledge of the matter told Reuters on Thursday.
(Reporting by Foo Yun Chee in Brussels and Giuseppe Fonte in Rome, additional reporting by Valentina Za in Milan, editing by Gavin Jones)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Bank consolidation is the process where banks merge or acquire other banks to increase their market share, reduce competition, and achieve economies of scale.
EU regulations are binding legislative acts that apply directly to all member states of the European Union, ensuring uniformity in laws and policies across the EU.
A regulatory framework is a set of rules, guidelines, and practices that govern the operations of financial institutions and ensure compliance with laws and regulations.
Explore more articles in the Headlines category
