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Danish banks urge changes to Basel III

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Denmark's banks, some of the world's biggest issuers of covered bonds, are frantically lobbying European regulators to avert proposed funding rules that threaten the structure of the Danish mortgage market. Two of the biggest mortgage lenders, Nykredit and Realkredit Danmark, were in London this week to ask British regulators to take up their case on the Basel committee on banking supervision, which is drafting the Basel III template for global bank regulation.

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