As regulators across the globe take measures to ensure the safety of their banking systems, Danish bankers worry that their regulator is getting ahead of the curve and that they could be disadvantaged against their European competitors.
Denmark’s banking sector is large relative to its economy with assets of about three times that of its gross domestic product (GDP) and it had a fairly difficult financial crisis with a number of small bank failures. The authorities responded with a mixture of guarantees, funding and ultimately tougher regulations.
