EBA says it can't answer Banco BPM's query on 'Danish Compromise' use

MILAN (Reuters) - The European Banking Authority (EBA) said it was not able to answer a query by Banco BPM on whether the Italian bank could tap favourable capital rules for insurance holdings to its proposed purchase of Anima Holding.

The EBA said in a document on its website the 'Q&A' tool Banco BPM had used to raise the query was not suitable for an issue which required more in-depth consideration.

(Reporting by Valentina Za, editing by Gianluca Semeraro)