Denmark said it will fight plans in the European Union to split banks deemed too big to fail, arguing existing resolution rules make such a proposal moot.
After becoming the first EU country to force bank bondholders to share losses, Denmark is now lobbying the European Commission to ensure it doesn’t pile more rules onto the bank industry.
“We want some flexibility,” Business Minister Henrik Sass Larsen said yesterday in an interview in Copenhagen. “We don’t need to medicate the patient threefold.”
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