Bafiin's Hufeld Says Nordea Move Driven by Business

The transcript discusses the relocation of Ordere's headquarters to Helsinki, examining whether this move is driven by regulatory arbitrage or business model considerations. It highlights the ongoing consolidation in the European banking market, particularly among smaller banks. The conversation shifts to HNA's investment in Deutsche Bank and its potential interest in Allianz, outlining the regulatory scrutiny such investments would face. The transcript concludes by emphasizing the openness of the EU and German economies to foreign capital, while maintaining rigorous supervisory standards.

What procedures are in place for assessing foreign investments in the European banking sector?

How does the speaker describe the European Union's stance on foreign capital?