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Anjum Shabbir
Anjum Shabbir
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12th February 2020
Banking & Finance Internal Market

Analysis: “AG Opinion on Italian rules regulating cooperative banks” by Laura Wissink

Yesterday, AG Hogan delivered an Opinion in  Adusbef and Others (C-686/16) on the compatibility of Italian legislation for cooperative banks with the requirements of EU prudential rules, the internal market, state aid rules, and the Charter of Fundamental Rights.

He concluded that, if the Court considers the questions referred to be admissible, none of these EU rules preclude the Italian legislation at hand.

The Italian Council of State (Consiglio di Stato) requested the Court of Justice to examine whether the aforementioned EU rules preclude Italian legislation, which sets an EUR 8 billion asset threshold for cooperative banks above which the bank must (i) reduce its assets below that threshold, (ii) convert the bank into

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