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Danish banks no longer need liquidity exemption thanks to covered bonds, EBA says

( June 12, 2015, 16:27 GMT | Official Statement) -- MLex Summary: Danish banks no longer need an exemption within EU liquidity rules because there is no shortage of eligible bonds, the European Banking Authority said. The change comes after Danish covered bonds became recognized as liquid assets, resolving the shortage of eligible assets in the local currency. (Click here for a previous version of the draft standards.)The following is the text of the statement. Click the attachment at bottom for the full document....

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