Denmark : Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 12, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Since the 2014 FSAP, Denmark’s financial safety net and crisis management frameworks, including bank resolution, have improved significantly. In response to the FSAP and the transposition of the pertinent European Union (EU) rules, Denmark has enacted major reforms including new legislation for resolution and deposit insurance, introduced a resolution framework for banks and mortgage credit institutions (MCIs), designated two national resolution authorities, established resolution colleges, changed the governance of the deposit insurance system (DIS) and revived cross-border cooperation through the Nordic-Baltic Stability Group (NBSG), including through revising an earlier memorandum of understanding (MOU) and conducting a joint crisis simulation in 2019.

Series:

Country Report No. 2020/257

Frequency:

regular

English

Publication Date:

August 12, 2020

ISBN/ISSN:

9781513553078/1934-7685

Stock No:

1DNKEA2020008

Format:

Paper

Pages:

32

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