U.S. efforts to dismantle some bank regulations have left globalwork on a post-crisis framework in limbo, according to the chieffinancial officer of Denmark's biggest bank.
Talks focused on concluding the final chapter of standards underthe Basel Committee on Banking Supervision, dubbed Basel IV by theindustry, now look “a bit up in the air,” Jacob Aarup-Andersen, CFOof Danske Bank A/S, said in an interview on Bloomberg TV onTuesday.
Aarup-Andersen is the latest banker to add his voice toindustry calls that Europe not move independently of the U.S., amidwarnings that doing so would put lenders in the region at acompetitive disadvantage.
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