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

December 18, 2014

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Format: Chicago

Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets: Technical Note, (USA: International Monetary Fund, 2014) accessed September 19, 2024

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.

Subject: Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis resolution, Financial crises

Keywords: Bank management, Bank Package IV, Bank resolution, Bank resolution framework, Bank resolution technique, Banking system, Banks insolvent, Bridge bank, CR, Crisis management, Crisis resolution, Depositor preference, Financial crisis, Global, ISCR, Nonsubordinated liability, Package III, Resolution action, Resolution authorities, Resolution authority, Resolution regime, Short term

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/351
Stock No:

1DNKEA2014009
ISBN:

9781498396646
ISSN:

1934-7685

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