Denmark's Rohde unconvinced of need for bank activity separation
National Bank of Denmark (NBD) governor Lars Rohde has published a response to the European Commission's supplementary public consultation on reforming the EU banking sector, saying the NBD "remain[s] to be convinced" of an "immediate need" to separate deposit-taking and trading activities in large financial institutions.
He said it "has not been concluded" either by the High Level Expert Group led by Bank of Finland governor Erkki Liikanen, "or by subsequent empirical research, that the
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