Biggest Banks in Denmark Face $15 Billion Basel Capital Bill
- Danish finance minister says government will fight plan
- Expert panel says extra Basel requirements are unwarranted
A customer uses an automated teller machine (ATM) outside a Danske Bank A/S bank branch in Copenhagen.
Photographer: Freya Ingrid Morales/BloombergThis article is for subscribers only.
Denmark’s five biggest banks face as much as $15 billion in new capital requirements under proposed changes to global banking rules, according to an expert panel created by the government.
Danske Bank A/S the country’s biggest financial group, and others will together see their capital requirements rise 27-39 percent, equivalent to 64-92 billion kroner ($15 billion), the panel said on Friday. In the same report, the expert panel rejected the need for the additional capital burden. And the government underscored its commitment to fighting the requirement.