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Banks Rebuked for Spin Tactics as Denmark Slams Sifi Pleas

Denmark’s government lashed out at the nation’s banks for deploying what it called spin tactics to try to persuade policy makers to delay regulatory reform.

The nation’s financial industry, which says Denmark risks stalling a recovery by moving ahead with too-big-to-fail rules faster than the European Union, is misleading politicians and businesses with its rhetoric, Economy Minister Margrethe Vestager said. She ruled out slowing down steps toward stricter requirements for systemically important lenders and reiterated her stance that banks won’t get tax breaks to help them through the transition.