{
  "title": "Denmark: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, December 9, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-financial-system-stability-assessment-42504",
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  "summary": "The paper discusses findings of the Financial System Stability Assessment for Denmark. The Danish authorities have taken important steps to improve financial system resilience. Financial regulation and supervision have been strengthened.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The report discusses findings of the Financial System Stability Assessment for Denmark.\n- The Danish authorities have taken important steps to improve financial system resilience.\n- Although stress tests suggest that financial stability risks are contained, the financial system’s large size and interconnectedness call for additional measures to further strengthen resilience."
    },
    {
      "heading": "Main findings",
      "content": "- Financial regulation and supervision have been strengthened.\n- A new bank resolution framework that includes bail-in of creditors has been adopted and deployed to resolve small- and medium-sized banks.\n- An institutional framework for macroprudential policy has been adopted.\n- Recent legislation requires maturity extension of covered bonds in stress situations, with the aim of reducing refinancing risk in the mortgage finance system."
    },
    {
      "heading": "Stress testing and risks",
      "content": "- Stress tests suggest that financial stability risks are contained.\n- Key systemic concerns stem from the financial system’s large size and interconnectedness, which imply potential spillovers and the need for further resilience measures."
    },
    {
      "heading": "Policy measures adopted",
      "content": "- Adoption and deployment of a bank resolution framework that includes bail-in of creditors for small- and medium-sized banks.\n- Strengthening of financial regulation and supervision.\n- Adoption of an institutional framework for macroprudential policy.\n- Legislation requiring maturity extension of covered bonds in stress situations to reduce refinancing risk in the mortgage finance system."
    },
    {
      "heading": "Policy implications and recommended additional measures",
      "content": "- Given the system’s large size and interconnectedness, authorities should consider additional measures to further strengthen resilience (specific additional measures are not detailed in the provided content).\n- Continue using stress testing to monitor vulnerabilities and inform macroprudential and resolution planning.\n\nDenmark: Financial System Stability Assessment — IMF Staff Country Reports\n\n---\n\n Content in this bundle\n\n- Denmark: Financial System Stability Assessment; IMF Country Report 14/336; November 12, 2014\n  - Denmark: Financial System Stability Assessment; IMF Country Report 14/336; November 12, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Denmark: Financial System Stability Assessment; IMF Country Report 14/336; November 12, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 9, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498353120.002",
    "The report discusses findings of the Financial System Stability Assessment for Denmark.",
    "The Danish authorities have taken important steps to improve financial system resilience.",
    "Although stress tests suggest that financial stability risks are contained, the financial system’s large size and interconnectedness call for additional measures to further strengthen resilience.",
    "Financial regulation and supervision have been strengthened.",
    "A new bank resolution framework that includes bail-in of creditors has been adopted and deployed to resolve small- and medium-sized banks.",
    "An institutional framework for macroprudential policy has been adopted.",
    "Recent legislation requires maturity extension of covered bonds in stress situations, with the aim of reducing refinancing risk in the mortgage finance system.",
    "Stress tests suggest that financial stability risks are contained.",
    "Key systemic concerns stem from the financial system’s large size and interconnectedness, which imply potential spillovers and the need for further resilience measures.",
    "Adoption and deployment of a bank resolution framework that includes bail-in of creditors for small- and medium-sized banks.",
    "Strengthening of financial regulation and supervision.",
    "Adoption of an institutional framework for macroprudential policy.",
    "Legislation requiring maturity extension of covered bonds in stress situations to reduce refinancing risk in the mortgage finance system.",
    "Given the system’s large size and interconnectedness, authorities should consider additional measures to further strengthen resilience (specific additional measures are not detailed in the provided content).",
    "Continue using stress testing to monitor vulnerabilities and inform macroprudential and resolution planning.",
    "**Denmark: Financial System Stability Assessment; IMF Country Report 14/336; November 12, 2014**"
  ],
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