Danish Compromise Advantages Banks Over Insurers, NN CEO Says -- Market Talk

Dow Jones

Jan 23, 2025

1222 GMT - The so-called Danish compromise rule gives European banks an advantage when buying asset management divisions, NN Group CEO David Knibbe told Bloomberg at the World Economic Forum in Davos. The European directive allows banks to reduce the hit to their capital when purchasing asset management businesses using their insurance subsidiaries, and is being used by BNP Paribas to buy AXA Investment Managers. Meanwhile, Banco BPM also intends to leverage the compromise in its acquisition of Anima. The Dutch insurer's CEO said he has complained about this to regulators. "It is not very much facilitated that insurance companies own a bank...while the other way around has been made, from a capital point of view, relatively attractive," he says. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 07:22 ET (12:22 GMT)

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The European directive allows banks to reduce the hit to their capital when purchasing asset management businesses using their insurance subsidiaries, and is being used by BNP Paribas to buy AXA Investment Managers. Meanwhile, Banco BPM also intends to leverage the compromise in its acquisition of Anima. The Dutch insurer's CEO said he has complained about this to regulators. \"It is not very much facilitated that insurance companies own a bank...while the other way around has been made, from a capital point of view, relatively attractive,\" he says. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 07:22 ET (12:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Danish Compromise Advantages Banks Over Insurers, NN CEO Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDanish Compromise Advantages Banks Over Insurers, NN CEO Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-23 20:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1222 GMT - The so-called Danish compromise rule gives European banks an advantage when buying asset management divisions, NN Group CEO David Knibbe told Bloomberg at the World Economic Forum in Davos. The European directive allows banks to reduce the hit to their capital when purchasing asset management businesses using their insurance subsidiaries, and is being used by BNP Paribas to buy AXA Investment Managers. Meanwhile, Banco BPM also intends to leverage the compromise in its acquisition of Anima. The Dutch insurer's CEO said he has complained about this to regulators. \"It is not very much facilitated that insurance companies own a bank...while the other way around has been made, from a capital point of view, relatively attractive,\" he says. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 07:22 ET (12:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NN","symbol_name":"NextNav Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505564092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505564092","pubTimestamp":1737634920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1222 GMT - The so-called Danish compromise rule gives European banks an advantage when buying asset management divisions, NN Group CEO David Knibbe told Bloomberg at the World Economic Forum in Davos. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NN":"NextNav Inc.","BK4023":"应用软件"},"translate_title":"NN首席执行官表示，丹麦妥协使银行相对于保险公司具有优势——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NN":1},"content_text":"1222 GMT - The so-called Danish compromise rule gives European banks an advantage when buying asset management divisions, NN Group CEO David Knibbe told Bloomberg at the World Economic Forum in Davos. The European directive allows banks to reduce the hit to their capital when purchasing asset management businesses using their insurance subsidiaries, and is being used by BNP Paribas to buy AXA Investment Managers. Meanwhile, Banco BPM also intends to leverage the compromise in its acquisition of Anima. The Dutch insurer's CEO said he has complained about this to regulators. \"It is not very much facilitated that insurance companies own a bank...while the other way around has been made, from a capital point of view, relatively attractive,\" he says. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 07:22 ET (12:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}