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

The ECB has declared itself against the French group's use of the favorable capital treatment, known as the Danish Compromise ...

The ECB has issued a negative opinion on Banco BPM's plan to use what is known as the 'Danish Compromise' to facilitate the deal, making it more expensive in terms of its impact on capital reserves.

The European Central Bank is opposed to BNP Paribas using a favourable capital treatment for its deal to buy French insurer ...

The French bank last year agreed to buy the asset management arm of French insurer AXA for 5.1 billion euros ($5.79 billion) through its insurance arm BNP Paribas Cardif in a move that would create a ...

The ECB has said previously it would decide on the use of the Danish Compromise on a case-by-case basis. BPM has since said it will continue with its bid for Anima Holding (ANIM.MI), opens new tab.

In opposing the use of the regulation, known as the Danish Compromise, the ECB’s banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be ...