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Trump’s Plan for Banks Puts Basel in Limbo, Danske CFO Says

Danske Bank CFO Jacob Aarup-Andersen comments in interview
EU needs to follow U.S. to ensure level playing field: Danske

U.S. efforts to dismantle some bank regulations have left global work on a post-crisis framework in limbo, according to the chief financial officer of Denmark’s biggest bank.

Talks focused on concluding the final chapter of standards under the Basel Committee on Banking Supervision, dubbed Basel IV by the industry, now look “a bit up in the air,” Jacob Aarup-Andersen, CFO of Danske Bank A/S, said in an interview with Bloomberg TV’s Manus Cranny and Anna Edwards in London on Tuesday.