Denmark’s Economy Ministry said the European Banking Authority signaled it won’t recommend that covered bonds be granted the highest liquidity status, in a blow to the nation’s $530 billion mortgage bond market.
Brian Mikkelsen will become the new leader of Denmark’s Conservative Party after Lene Espersen today said she’ll step down from the job, Copenhagen-based Politiken reported, without saying how it obtained the information.
Mary Jo White, U.S. President Barack Obama’s choice to run the Securities and Exchange Commission, may be compelled to provide more information about her ties to large banks as senators press her today about how she would operate as Wall Street’s regulator.
Danish legislation aimed at spurring bank industry consolidation will reduce the risk of default after lawmakers made it easier for lenders to avoid the Nordic country’s bail-in rules, Standard & Poor’s said.
Denmark’s Economy and Business Affairs Minister, Brian Mikkelsen, said his Conservative party will fight for another income tax cut in the next parliamentary term, Copenhagen-based newspaper Borsen said.
The U.S. Securities and Exchange Commission approved a rule barring financial advisers to state and local governments from engaging in deceptive practices, one of the first steps to regulate the business.