UniCredit receives ECB authorisation for Danish Compromise capital treatment
UniCredit said it has received European Central Bank authorisation to apply the “Danish Compromise” to calculate the impact of its insurance holdings on its capital reserves.
UniCredit MIL:UCG said on Tuesday it has received European Central Bank authorisation to apply the more favourable rules known as the Danish Compromise when calculating the impact of its insurance holdings on capital reserves. The Italian lender said the framework allows banks to risk…