UBI Banca is taking steps to ensure its core capital level remains above the new capital requirement , in line with the upcoming European Central Bank 's ( ECB ) capital adequacy rules . At a meeting scheduled for 10th October , the bank will put forward a plan to limit the amount of money that can be paid to shareholders who will finance its conversion into a joint - stock company and will continue to cash out . This move is in line with the Italian 's government 's financial reforms , which is encouraging its banks to convert into joint - stock companies , in the hopes of encouraging a wave of mergers .
UBI Banca is taking steps to ensure its core capital level remains above the new capital requirement, in line with the upcoming European Central Bank's (ECB) capital adequacy rules. At a meeting scheduled for 10th October, the bank will put forward a plan to limit the amount of money that can be paid to shareholders who will oppose its conversion into a joint-stock company and will ask to cash out. This move is in line with the Italian's government's financial reforms, which is encouraging its banks to convert into joint-stock companies, in the hopes of encouraging a wave of mergers.