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Trump's Plans Put Basel Reforms in Limbo: Danske CFO

Bank exec argues that EU needs to follow U.S. to ensure level playing field.

By Frances Schwartzkopff, Bloomberg | Updated on February 08, 2017

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.

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