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    1. Home
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    3. >Monte Dei Paschi received ECB approval for new by-laws, sources say
    Finance

    Monte dei paschi received ECB approval for new by-laws, sources say

    Published by Global Banking & Finance Review®

    Posted on March 4, 2026

    1 min read

    Last updated: March 4, 2026

    Monte Dei Paschi received ECB approval for new by-laws, sources say - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Monte dei Paschi di Siena has obtained ECB approval for amendments to its by‑laws allowing the outgoing board to present a slate of candidates for the new board. The changes also include enhanced flexibility on director compensation and governance rules upgrading board continuity.

    Monte Dei Paschi Receives ECB Green Light for New Board Election By-Laws

    ECB Approves Monte Dei Paschi’s New Board Election Process

    Background on Monte dei Paschi di Siena’s Governance Changes

    MILAN, March 4 (Reuters) - Monte dei Paschi di Siena has received European Central Bank approval for new by-laws that allow outgoing directors to present a slate of candidates to name a new board, two sources close to the matter said.

    European Central Bank’s Role and Response

    The ECB did not immediately reply to a request for comment.

    Reporting and Editorial Information

    (Reporting by Valentina Za; editing by Giulio Piovaccari)

    References

    • Press Release
    • Banca Monte dei Paschi di Siena has approved a preliminary list of candidates for a new board of directors, according to people familiar with the matter

    Table of Contents

    • ECB Approves Monte Dei Paschi’s New Board Election Process
    • Background on Monte dei Paschi di Siena’s Governance Changes
    • European Central Bank’s Role and Response
    • Reporting and Editorial Information

    Key Takeaways

    • •ECB approval now enables the outgoing board to propose candidates for the board renewal process—supporting continuity in leadership planning, pending formal adoption by the bank’s shareholders (gruppomps.it)
    • •The by‑law amendments were overwhelmingly approved by shareholders on February 4, 2026, covering compensation structure, removal of term limits and co‑optation mechanisms ()

    Frequently Asked Questions about Monte Dei Paschi received ECB approval for new by-laws, sources say

    1What approval did Monte dei Paschi di Siena receive from the ECB?

    Monte dei Paschi di Siena received ECB approval for new by-laws regarding board nominations.

    2What do the new by-laws allow for Monte dei Paschi?

    The new by-laws allow outgoing directors to present a slate of candidates for naming a new board.

    3Did the ECB comment on the approval?
    gruppomps.it
  • •These governance changes occur amid Monte dei Paschi’s broader strategic push, including merger and delisting plans for Mediobanca and a board renewal effort involving a longlist of 30 candidates narrowed to 20 for shareholder vote in April (ainvest.com)

    • The ECB did not immediately reply to a request for comment.

    4Who reported the ECB approval for Monte dei Paschi’s by-laws?

    The news was reported by sources close to the matter, via Reuters.

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