Banca Monte dei Paschi di the European Central Bank has cut its exposure to Japan's Nomura Holdings to 25% of total capital so as to avoid Siena 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.