National Bank of Denmark rejects Liikanen report


Nils Bernstein, governor of the National Bank of Denmark, has rejected the need for more baking reform in Europe via the ring-fencing of certain bank trading activities as put forward in the recommendations of the High-Level Expert Group on reforming the structure of the EU banking sector - the so-called Liikannen Report.

Bernstein, a former head of Danish pension fund ABP, said there is already sufficient new regulation coming into force in Europe without adding to the workload. "The new regula

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