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Flexlån Secure Until 2018
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Flexlån Secure Until 2018
27-07-2010
13:10
Denmark’s popular adjustable rate loan known as the “flexlån” that had been threatened by new EU capital requirements for banks is now probably safe until at least 2018.
The existence of the popular loan system appears secure after The Basel Committee on Banking Supervision said that it was delaying until 2018 aspects of a hotly debated new liquidity requirement for banks.
A number of Danish organizations, including the National Bank and the Financial Supervisory Authority, had warned that new liquidity rules could have spelled the end of the flexlån and thus had a major disruptive effect on the nation’s credit markets.
Such a measure would have has a severe effect on major Danish credit institutions such as Nykredit and Realkredit, which fund lending through covered bonds secured on mortgages
The existence of the popular loan system appears secure after The Basel Committee on Banking Supervision said that it was delaying until 2018 aspects of a hotly debated new liquidity requirement for banks.
A number of Danish organizations, including the National Bank and the Financial Supervisory Authority, had warned that new liquidity rules could have spelled the end of the flexlån and thus had a major disruptive effect on the nation’s credit markets.
Such a measure would have has a severe effect on major Danish credit institutions such as Nykredit and Realkredit, which fund lending through covered bonds secured on mortgages
*****||*****Flexlån Secure Until 2018*****||*****Denmark’s popular adjustable rate loan known as the “flexlån” that had been threatened by new EU capital requirements for banks is now probably safe until at least 2018.*****||*****
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