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Too-Big-to-Fail Banking Finds Regulatory Loophole in Scandinavia

  • Nordea restructuring opens discussion on SIFI branches
  • Finland, Denmark urge EU to step in to avoid loophole abuse
A logo sits above the entrance to a Nordea Bank AB bank branch in Helsinki.

A logo sits above the entrance to a Nordea Bank AB bank branch in Helsinki.

Photographer: Tomi Setala/Bloomberg
Updated on

The financial watchdogs of Finland and Denmark want the European Union to step in and address a gap in regulations that the two countries say has the potential to destabilize their markets as they lose control of the region’s biggest bank.

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