UniCredit receives ECB approval for Danish Compromise on insurance holdings
UniCredit said it received European Central Bank authorisation to apply the more favourable “Danish Compromise” rules to calculate the impact of its insurance holdings on capital reserves.
UniCredit MIL:UCG said it has received European Central Bank authorisation to apply more favourable banking rules known as the Danish Compromise when calculating the impact of its insurance holdings on its capital reserves. The provision allows banks to risk-weight their insurance stakes under a more favourable treatment.