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

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 18, 2014

Electronic Access:

Free Full text (PDF file size is 1044 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

English

Publication Date:

December 18, 2014

ISBN/ISSN:

9781498396646/1934-7685

Stock No:

1DNKEA2014009

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

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