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Over-complex bank rules in Europe increase risk, watchdogs warn

Regulators in Denmark and Norway warn that regulation has become too complex.

Morten Baltzersen, head of Norway's Financial Supervisory Authority (FSA), and Jesper Berg, head of Denmark's counterpart, Finanstilsynet. | Photo: CF-Wesenberg/Danish FSA

Thousands of pages of banking rules and directives in Europe threaten regulators' ability to see the real risks building in the financial systems, Denmark and Norway's financial supervision chiefs tell the Financial Times.

In separate interviews with the Financial Times, Morten Baltzersen, head of Norway's Financial Supervisory Authority (FSA), and Jesper Berg, head of Denmark's counterpart, is criticizing the breadth and complexity of banking regulation.

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