Yushin Bank and Commerzbank held their first formal discussions on how to deal with the latter's anticipated changes in regulatory controls. Commerzbank's position is shifting from trying to prevent it to facilitating the transition. People familiar with the matter said that last Friday, Yushin Bank CEO Andrea Orcel spoke with Commerzbank CEO Bettina Orlopp to focus on the accounting, legal, and risk management impacts that will occur once the ECB sees Commerzbank as a subsidiary of Yushin Bank and requires merger regulation. People familiar with the matter said that several other executives from both sides also attended the meeting, paving the way for further negotiations in the next few months.
Zhitongcaijing · 1d ago
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Yushin Bank and Commerzbank held their first formal discussions on how to deal with the latter's anticipated changes in regulatory controls. Commerzbank's position is shifting from trying to prevent it to facilitating the transition. People familiar with the matter said that last Friday, Yushin Bank CEO Andrea Orcel spoke with Commerzbank CEO Bettina Orlopp to focus on the accounting, legal, and risk management impacts that will occur once the ECB sees Commerzbank as a subsidiary of Yushin Bank and requires merger regulation. People familiar with the matter said that several other executives from both sides also attended the meeting, paving the way for further negotiations in the next few months.
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