Aug
13
Biggest Banks in Denmark Face $15 Billion Basel Capital Bill
By-
Danish finance minister says government will fight plan
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Expert panel says extra Basel requirements are unwarranted
Denmark’s five biggest banks face as much as $15 billion in new capital requirements under proposed changes to global banking rules, according to an expert panel created by the government.
Danske Bank A/S the country’s biggest financial group, and others will together see their capital requirements rise 27-39 percent, equivalent to 64-92 billion kroner ($15 billion), the panel said on Friday. In the same report, the expert panel rejected the need for the additional capital burden. And the government underscored its commitment to fighting the requirement…
Biggest Banks in Denmark Face $15 Billion Basel Capital Bill
