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 on Bloomberg TV on Tuesday.
Aarup-Andersen is the latest banker to add his voice to industry calls that Europe not move independently of the U.S., amid warnings that doing so would put lenders in the region at a competitive disadvantage.
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