Nordic banks oppose Basel's proposed regulations:

08/19/2010 | Wall Street Journal, The

Nordic banks are preparing to do battle with the Basel Committee on Banking Supervision over proposed capital rules. The banks said Basel III fails to consider specific characteristics of their financial systems. "The latest Basel proposal does not take into account the particularities of the Danish mortgage system, both in its functionality and its position within the national financial system," said Peter Rostrup-Nielsen, chief risk officer at Danske Bank.

View Full Article in:

Wall Street Journal, The

Published in Brief: