Intesa Sanpaolo has reportedly received final notification of the level of capital that it will be required to hold from the 1st January 2016; the ECB will mandate a CET1 ratio of 9.5% from that date. The Italian government is expected to request an extension for at least another two months in order to allow time for negotiations with its creditors.
Intesa Sanpaolo has reportedly received final notification of the level of capital that it will be required to hold from the 1st January 2016; the ECB will mandate a CET1 ratio of 9.5% from that date. The bank already comfortably fulfils this requirement, holding a CET1 capital ratio of 13.4% as of 30th September 2015.