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ECB Accelerates Risk Transfer Approvals to Boost Bank Efficiency

Streamlined SRT process aims to optimize capital management while ensuring resilience The European Central Bank (ECB) is set to  accelerate the approval process for Significant Risk Transfers (SRTs) , a move designed to improve capital efficiency for banks while maintaining financial stability. The ECB’s pilot program, scheduled to begin in early  2025 , will simplify procedures and reduce approval timelines, aligning with the growing demand for efficient capital allocation across European lenders. What’s Changing? The ECB, in collaboration with the  European Banking Federation , is introducing a pilot program to shorten the SRT approval process. The  notification period  for SRT transactions will be reduced from  three months to two weeks  before deal finalization. The  information submission  requirements will be streamlined to ease regulatory burdens for banks. These changes are expected to make  SRT transactions more attractive , all...
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Credit Agricole Seeks to Boost Banco BPM Stake to 15%

 Key Highlights:

  1. Regulatory Approval Sought:

    • Credit Agricole SA has requested approval to increase its stake in Banco BPM SpA beyond its current 9.9% holding to 15%.

  2. Additional Stake Acquisition:

    • The French bank has acquired financial instruments that would secure an additional 5.2% stake, pending regulatory clearance.

  3. No Tender Offer:

    • Credit Agricole emphasized it does not intend to launch a tender offer for Banco BPM shares, underlining its position as a long-term investor.

  4. Context:

    • Banco BPM is at the center of recent consolidation efforts in Italy’s banking sector:
      • UniCredit SpA made an unexpected bid for Banco BPM in November.
      • Banco BPM has pursued its own acquisitions, including an offer for Anima Holding SpA and plans to acquire a stake in Banca Monte dei Paschi di Siena SpA from the government.

  5. Strategic Alignment:

    • Credit Agricole’s move aligns with its strategy to be a long-term partner for Banco BPM, strengthening its foothold in the Italian banking market.

Takeaway: Credit Agricole’s increased stake underscores its commitment to deepening ties with Banco BPM amid intensifying competition and consolidation in Italy’s banking sector.

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