Nordea chief to head European banks' trade body

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The European Banking Federation (EBF), a continental lobby group, on Thursday named Christian Clausen, the chief executive and president of Nordea, a Scandinavian banking group, as its president.

"I am honoured by the trust given to me and Nordea," Clausen said. "The EBF has a central role to play in at least two important areas in particular in the coming years: We will work for a financial regulation that is right and relevant, and one that ensures a level playing field within the European Eco

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