Denmark : Financial Sector Assessment Program: Detailed Assessment of Observance of the Insurance Core Principles

Author/Editor:

International Monetary Fund

Publication Date:

March 23, 2007

Electronic Access:

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Summary:

This paper discusses key findings of the Detailed Assessment of the Observance of the Insurance Core Principles for Denmark. Key recommendations arising from the assessment cover two main issues. First is the fact that the Danish Financial Supervisory Authority Finanstilsynet bases its system to assess the appropriateness of key functions on the assumption that it is the core responsibility of the senior management to ensure adequate personnel to be assigned to relevant tasks in the supervised companies. The second issue relates to a requirement that internal audit functions should be made compulsory for smaller companies.

Series:

Country Report No. 07/119

Subject:

English

Publication Date:

March 23, 2007

ISBN/ISSN:

9781451811162/1934-7685

Stock No:

1DNKEA2007004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

47

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