Denmark: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
IMF Staff Country Reports, August 12, 2020
Source details
- Canonical URL
- Denmark: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
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Bibliographic details
- Published: August 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513553016.002
Executive summary and context
- 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.
- Relevance: Given the FSAP’s focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent despite being completed before the COVID-19 pandemic.
- Scope: The note selects topics to meet evolving supervisory challenges and reflects the expectation that international supervisory standards will continue to rise.
Key findings
- Oversight improvements:
- The Danish Financial Supervisory Authority (DFSA) has improved standards in its oversight of banking and insurance sectors since the last FSAP.
- Persisting risks:
- Risks persist in traditional forms.
- Emerging/new areas of risk include cyber risk, AML, and innovative market entrants.
Analysis and implications
- Supervisory priorities:
- The TN focuses on vulnerabilities and policy frameworks relevant to Denmark’s banking and insurance oversight.
- The note addresses supervisory challenges linked to both longstanding and emerging risks.
- Regulatory trajectory:
- There is an expectation that international supervisory standards will continue to rise, implying ongoing adaptation needs for national supervisors and regulated entities.
Subjects and keywords (as listed)
- Subjects:
- 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
Content in this bundle
- Executive Summary