October 1, 2019 / 12:31 PM / 15 days ago

Danish risk council proposes increasing banks' counter-cyclical buffer

COPENHAGEN, Oct 1 (Reuters) - Denmark’s Systemic Risk Council said on Tuesday it proposes that the government further increases the so-called counter-cyclical buffers for banks to 2% from 1.5% from end-December 2020.

It said it will propose an additional increase of 0.5 percentage points in the buffer in the first quarter of 2020 unless there is a slowdown in the banks’ risk accumulation. (Reporting by Stine Jacobsen; Editing by Jacob Gronholt-Pedersen)

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