For this topic of European Regulatory reform I have chosen to highlight, first a number of the most prominent financial regulatory issues in Denmark over the past year that are also related to the broader European agenda, and second, the implications of the European Banking Union going forward.
Capital and liquidity regulation At the heart of Basel III and the implementing legislation in the European Union (CRR/CRDIV) has been stricter regulatory requirements of capital and liquidity. We have come a long way in many countries, including in this country, to ensure better capitalisation of banks.