Denmark: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision

August 12, 2020

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Format: Chicago

Denmark: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision, (USA: International Monetary Fund, 2020) accessed September 20, 2024

Summary

COVID-19 pandemic: The Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic, so this Technical Note (TN) does not assess the impact of the crisis or the recent crisis-related policy measures. Nonetheless, given the FSAP’s focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent. The Danish Financial Supervisory Authority (DFSA) has improved standards in its oversight of banking and insurance sectors since the last FSAP. Nevertheless, risks persist, both in traditional forms, and new areas, such as cyber risk, AML, and innovative market entrants. This note, selects topics to meet evolving supervisory challenges and the expectation that the international supervisory standards themselves will likewise continue to rise.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank supervision, Banking, Crime, External audit, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Operational risk, Public financial management (PFM)

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Baltics, Bank supervision, Corporate governance, Covered bond, CR, External audit, Financial Sector Assessment Program, Global, Internal audit, ISCR, Operational risk, Places importance, Risk assessment, Risk management, Short term, Supervisory mandate

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/251
Stock No:

1DNKEA2020002
ISBN:

9781513553016
ISSN:

1934-7685

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