December 18, 2018 / 11:12 AM / in 5 months

Danish council says expects to recommend higher buffer for banks

COPENHAGEN (Reuters) - Denmark’s Systemic Risk Council said on Tuesday it expects to advise the government to further increase the counter cyclical buffer for banks to 1.5 percent from next year.

The council in September recommended raising the buffer, which is currently at 0.5 percent to 1.0 percent, saying that Danske Bank’s (DANSKE.CO) money-laundering case posed a risk to the country’s financial sector.

Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely

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