Denmark: Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements
August 12, 2020
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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.
Subject: Bank resolution, Bank resolution framework, Crisis management framework, Crisis resolution, Financial crises, International organization, Monetary policy
Keywords: B. liquidity assistance, B. recovery planning, Baltics, Bank resolution, Bank resolution framework, Crisis management framework, Crisis resolution, Denmark FSAP, FSAP's finding, liquidity assistance in Resolution
Pages:
32
Volume:
2020
DOI:
Issue:
257
Series:
Country Report No. 2020/257
Stock No:
1DNKEA2020008
ISBN:
9781513553078
ISSN:
1934-7685
