Il protocollo d'intesa MEF - ACRI: novitá in tema di Governance e Patrimonio nelle Fondazioni di Origine Bancaria

Saving banks performed many social and philanthropic undertakings, mainly addressed to the closed-local communities. Soon, however, they have also started to offer credit and investment services: in so conducing typical banking services. After a brief historical introduction, the article contributes to the analysis of the legislative evolution of the Foundations of Banking Origin. During the 90s, the Amato law imposed the separation of banking functions and philanthropic activities. The activities focusing on social, civil and economic development remained with the competence of Foundations, whereas banking functions exclusively with Bank. The original connection between banks and foundations was hard to separate. Therefore, a larger number of reforms were implemented. The paper analyzes the Protocol called “Protocollo d’intesa” that was signed in April 2015, between the supervisor authority (MEF, the Italian Ministry of Economy and Finance) and the association ACRI. The Protocol formalized the collaboration between the two entities, and tried to clarify the application of the new rules regulating the Foundations of Banking Origin. The Protocol, that is also important in a formal point of view, it is focus on Governance and Asset Management. This paper studies the main changing and how the Protocol promotes directness and risk diversification, strengthening the original mission of social, cultural, civil and economic progress throughout non-profit activities