June 23, 2020 / 11:52 AM / 18 days ago

Danish banks' emergency buffer will be raised in 2021 at earliest - risk council

COPENHAGEN, June 23 (Reuters) - Denmark’s Systemic Risk Council does not expect to recommend an increase of Danish lenders’ counter-cyclical buffer rate until 2021 at the earliest, it said in a statement on Tuesday.

Following its decision banks have 12 months to comply with the requirement. This means lenders would not be expected to meet a positive buffer requirement until 2022, it said. (Reporting by Andreas Mortensen; Editing by Jon Boyle)

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