As I see it, that is the single most important reason why Denmark naturally belongs within the strengthened banking cooperation – or the banking union, as it is also called. If Denmark joins the strengthened banking cooperation, the Danish Financial Supervisory Authority will continue to play a significant role in relation to supervising Danish banks.
We at the Bank of Greece are proud to have been supportive of this initiative, right from its inception. Needless to say, we shall continue to support it whatever the circumstances. As the initiative now stands, we are even in position to successfully tackle the details where the devil often lurks.