Denmark Close to New Bank Bill to Help Sidestep Bail-In Law
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Denmark is close to proposing a new bank bill that will seek to end a spate of lender failures and help sidestep the European Union’s toughest resolution laws.
Lawmakers are in talks with industry representatives to hammer out the details of a bill that will make it easier for healthy banks to take over their troubled peers after legislation passed in June failed to spur consolidation, said Torsten Schack Pedersen, spokesman for the ruling Liberal Party in charge of Economy and Business Affairs.