Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets - Technical Note

Publication Date: December 18, 2014
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Summary: This paper discusses findings and recommendations made in the Financial Sector Assessment Program Update for Denmark in the areas of crisis management, bank resolution, and financial-sector safety nets. The Danish resolution scheme has allowed the authorities to deal with mounting distress while minimizing costs for taxpayers. The scheme has enabled the orderly winding-up of the affected banks by providing for a transfer of all assets, and part of the liabilities, to the Financial Stability Company or third-party acquirers. The authorities are encouraged to further strengthen the resolution framework in line with the Bank Recovery and Resolution Directive and emerging international good practices.
Series: Country Report No. 14/351
Subject(s): Financial Sector Assessment Program | Banking sector | Bank supervision | Bank resolution | Financial safety nets | Risk management | Denmark

Publication Date: December 18, 2014
ISBN/ISSN: 9781498396646/1934-7685 Format: Paper
Stock No: 1DNKEA2014009 Pages: 43
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