Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Thematic (Sector/Industry)

United states Financials / Thematic (Sector/Industry)

<ul>
<li>The Fed is likely to present a new direction for regulation by the end of this month according to sources.</li>
<li>A 20% increase in capital requirements for bigger banks is being pondered, but how will it impact liquidity and credit in case?</li>
<li>The end-game is likely increased buffers and bond/cash holdings of banks. Bad for credit and lending growth but good for Government Bonds.</li>
</ul>


The Fed is likely to present a new direction for regulation by the end of this month according to sources.
A 20% increase in capital requirements for bigger banks is being pondered, but how will it impact liquidity and credit in case?
The end-game is likely increased buffers and bond/cash holdings of banks. Bad for credit and lending growth but good for Government Bonds.


The Europeanization of the US Banking System Is on Its Way!