Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) is looking for acquisitions. Alberto Nicola Nagel, Chief Executive Officer and Co-Head of CIB said "So sometimes, I notice that there is not a clear perception of what the current and new rules are entailing in terms of overall capital buffer, Pillar 1, Pillar 2 and all this evolution and liquidity buffer. These are every year increasing on 1 hand, on the other hand, the positive of Mediobanca is that we are producing more capital than what we saw. We will have 1 positive element and 1 negative element. I mean, the positive will be more important than the negative. The positive is not only the bigger capital generation from net earnings, but also from the overall AIRB adoption. The negative flip of this is the deduction, the full deduction of Generali between this year and next year. Net-net, it will be positive. So what to do, basically we want to have a bigger Wealth Management activity. So our efforts are mainly to see opportunity M&A there. We can also look at M&A in Consumer because Compass is delivering such good results that they have an expertise that can be leveraged also as well in the sense of in M&A. We can do also not mid-sized deal, but bigger deal we have to be convinced about the value we can create, as said, before taking into consideration that in particular in 2018, there will be no rules not only the ECB guidance but there will be also [MIFI2] too."