Børsens News Service in English
Industry “committed to help troubled banks,” director maintains
11-01-2012
07:17
Following a Jan 10 Borsen article which questioned whether the nation’s banking sector was living up to commitments demanded under the fourth state bank package, the Danish Bankers Association has issued a statement saying that the banking industry is “fully committed” to its obligations.
Bank Package 1V offers incentives for healthy banks to take over ailing banks through an adjusted dowry scheme and obliges the nation’s financial services industry to work with the government to prevent bank collapses. However, the Borsen article called it into question whether Denmark’s larger banks were doing enough to aid of the latest small Danish bank to experience difficulties, Vestjysk Bank.
In a Jan 10 statement published on the organisation’s website, Bankers Association Director Jorgen A. Horwitz said that his members “naturally [stood] by their commitments” and would “work to find solutions to take over all or part of the activities of institutions that get into difficulties”
Bank Package 1V offers incentives for healthy banks to take over ailing banks through an adjusted dowry scheme and obliges the nation’s financial services industry to work with the government to prevent bank collapses. However, the Borsen article called it into question whether Denmark’s larger banks were doing enough to aid of the latest small Danish bank to experience difficulties, Vestjysk Bank.
In a Jan 10 statement published on the organisation’s website, Bankers Association Director Jorgen A. Horwitz said that his members “naturally [stood] by their commitments” and would “work to find solutions to take over all or part of the activities of institutions that get into difficulties”
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*****||*****Industry “committed to help troubled banks,” director maintains *****||*****Following a Jan 10 Borsen article which questioned whether the nation’s banking sector was living up to commitments demanded under the fourth state bank package, the Danish Bankers Association has issued a statement saying that the banking industry is “fully committed” to its obligations.*****||*****
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