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 ...

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 ...

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 ...

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

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 ...

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 ...

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.

Plans for higher defence spending and a more relaxed supervisory attitude to matters such as M&A are fuelling optimism in European banks’ ability to thrive, even with thinner interest margins.

MILAN (Reuters) -The European Central Bank has issued a negative opinion on the application of so-called "Danish compromise" rules to the ongoing takeover by Banco BPM of Anima Holding, a source close ...

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 ...

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 ...