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Monte Paschi Exposure to Nomura Exceeds Regulatory Capital Limit

Banca Monte dei Paschi di Siena SpA said its exposure to Nomura Holdings Inc exceeds the 25 percent limit on total capital imposed by regulators after losses last year reduced capital levels.

Monte Paschi’s exposure to Nomura was about 35 percent of its regulatory capital base at the end of 2014, Italy’s third-biggest bank said in a statement late Friday. The Siena-based lender has 9.9 billion euros ($10.5 billion) of capital, according to its 2014 annual report, implying a financial exposure to the Japanese lender of about 3.5 billion euros.