Developing the Italian banking system to favor competitiveness
The Roundtable dealt with a series of strategic issues concerning the Italian bank system, including the high cost of Italian bank serivces compared to other European countries; the limited size of the banks which doesn’t favor the internationalization of business; the difficulty in financing innovation and the common problem -especially in Southern Italy – of credit rationing. Banks stated that the cost of individual bank accounts in Italy are lower than France, Spain and Germany because of special agreements, payment on uninvested capital and joint holders.