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03Sep

ECB Seeks EU Banking M&A With New Supervisory Guide

The Guide is intended to provide fresh clarity on the ECB’s approach to assessing proposed M&A transactions and enhance the transparency and predictability of supervisory actions. Key Points: Under the Guide, the ECB will: ..Not automatically penalise proposed M&A transactions by applying higher capital requirements; the starting point for capital will be the weighted average of the two banks’ Pillar 2 capital requirements and Pillar 2 guidance prior to the consolidation transaction...
By: Latham & Watkins LLP
Source Url: https://www.jdsupra.com/legalnews/ecb-seeks-eu-banking-m-a-with-new-19665/

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