Participation in the banking union will give Denmark a say in relation to the single supervisory practice via participation in the ECB's Supervisory Board. And via the ECB we will have a voice and influence in the Basel Committee and the Financial Stability Board, which are key bodies in the design of financial regulation.
In regulation-making we have followed a gradualist approach and have generally been wary of complex and opaque instruments/products. For the same reason, we insisted on the lenders having a ‘skin in the game’ in securitisation transactions, which curtailed reckless origination of loans without proper appraisal with the sole purpose of distributing the same to investors at a later date.