Thursday, October 31, 2024

Safety first

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The ministry of trade has decided to listen to the recommendation from the Systemic Risk Council and re quire banks to set aside 1 dkk for every 100 dkk invested în high-risk assets. The so-called “countercyclical capital buffer” entered into effect on 30th September. Why? Extra protection in case of a financial meltdown.

Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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