Denmark Victory on Basel Rules

European Commission said to have eased Basel III liquidity rules; final EC decision will be revealed later this month.

Denmark’s government said its proposals from May to ease Basel III liquidity rules will probably prevail when the European Commission reveals its final decision on the matter this month.

In an interview yesterday in Copenhagen, Economy Minister Margrethe Vestager said she sees “no reason to believe there are any changes to the proposal” published by her ministry last month.

Like other governmental bodies, the EU is under scrutiny from the Basel committee on how well it implements the group’s rules.

This has already led to one clash, after a preliminary international assessment published in October 2012 found that EU plans on bank capital “departed from the Basel framework in many areas.”

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