This applies globally within trade, and it applies within the EU in the form of regulation of the financial sector. It is a particular advantage for a small country with a very international economy, such as Denmark's. If we were outside, we would, for competitive reasons, still have to operate under the same rules – but without having any influence on their design.
Common rules lead to closer cooperation and facilitate the exchange of goods and services. Developments in the last 40 years illustrate that. They create a level playing field and reduce the opportunities for rule arbitrage. *** *** *** In the wake of the financial crisis, the EU adopted the Bank Recovery and Resolution Directive, BRRD.