MILAN, March 26 (Reuters) - (This March 26 story has been corrected to show that the EBA in 2023 issued the regulatory clarification, requested in 2021, in paragraph 11) It is a regulatory ...

The European Banking Authority (EBA) has declined to address a query by Banco BPM on whether the Italian bank can tap favourable capital rules in its proposed purchase of fund manager Anima Holding, a ...

(ANSA) - ROME, MAR 26 - The European Central Bank (ECB) has issued a negative opinion on the request made by Banco BPM to apply the so-called "Danish compromise" rules to its takeover of Anima ...

Banco BPM, which has rejected UniCredit's proposal, has already increased its offer for Anima. The Danish Compromise reduces the burden for banks of owning an insurer by letting them hold capital ...

(Bloomberg) -- The European Central Bank has all but shut down a regulatory loophole heralded as a potential catalyst for a deal wave in asset management.

which was then confirmed by Banco BPM in a statement Wednesday. The so-called 'Danish Compromise' rules allow acquisitions of asset managers by banks to be carried out through insurance ...

Italy’s Banco BPM BAMI-10.24%decrease ... said its offer was subject to the application of the so-called Danish Compromise rules, which allow acquisitions of asset managers by banks to be ...

UniCredit bid for Banco BPM in November, weeks after its rival moved ... view on the possibility of BPM tapping favourable capital rules known as a 'Danish Compromise'. BPM had secured prior ...

That plan received a setback on Wednesday when Banco BPM said that the European Central Bank has issued a negative opinion on the use of the Danish Compromise in the deal. The final decision on ...

MILAN (Reuters) - The European Central Bank on Wednesday gave a negative opinion on the possibility for Banco BPM to use more favourable capital rules known as the "Danish Compromise" in its proposed ...

Banco BPM, Italy's third-largest lender, and French bank BNP Paribas, had both made requests to the ECB to use what is known as the 'Danish Compromise' in takeovers of asset managers carried out ...

MILAN (Reuters) - The European Central Bank on Wednesday gave a negative opinion on the possibility for Banco BPM to use more favourable capital rules known as the "Danish Compromise" in its proposed ...