Banca Monte dei Paschi di Siena has cut its exposure to Japan's Nomura Holdings to 25 percent of total capital so as to avoid the European Central Bank taking action against the bank for breaching Basel III rules, which stipulates that a company cannot have ties to a single counterparty exceeding a third of its regulatory capital.
Banca Monte dei Paschi di Siena has cut its exposure to Japan's Nomura Holdings to 25% of total capital so as to avoid the European Central Bank taking action against the bank for breaching Basel III rules, which stipulates that a company cannot have ties to a single counterparty exceeding a third of its regulatory capital.