UniCredit plans new Italian holdco to make itself ‘MPE-ready’ for MREL

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UniCredit plans new Italian holdco to make itself ‘MPE-ready’ for MREL

At its results presentation on Thursday, UniCredit's CEO Jean Pierre Mustier scotched rumours that it was planning to set up a new German holding company and revealed instead plans for a holding company in Italy, designed to make its organisational structure more efficient for regulatory capital and resolution purposes.

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