Denmark’s banks set for muted year-end in primary

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By Frank Jackman
28 Oct 2020

Denmark’s banks are set for a quiet end to the year, according to bankers, as changes made to their minimum requirements for own funds and eligible liabilities (MREL) have taken the pressure off of funding.

In May, the Danish Financial Services Authority announced that the country’s banks no longer need to meet all their MREL targets with subordinated debt, and instead only needed subordinated MREL equal to the higher of either 8% of their total liabilities and own funds or two times ...

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