{
  "title": "Denmark: Report on Observance of Standards and Codes (ROSC)",
  "publication": "IMF Staff Country Reports, December 9, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-report-on-observance-of-standards-and-codes-rosc-42503",
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  "summary": "This paper discusses findings of the Report on Observance of Standards and codes for Denmark. Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision.\n- The Danish Financial Supervisory Authority (DFSA) has the appropriate legal authority to carry out supervision effectively.\n- The DFSA’s risk based approach has focused well on the key elements of risk within its banking system.\n- The DFSA’s powers and supervisory approach have evolved significantly since the recent global crisis.\n- The DFSA emerged as a proactive supervisor.\n- The overall supervisory approach is sound.\n- Compliance with the credit-risk and capital adequacy related principles is uniformly high."
    },
    {
      "heading": "Analytical emphasis",
      "content": "- Institutional capacity: DFSA legal authority and mandate enable effective supervision.\n- Supervisory methodology: Risk based approach that targets key banking system risks.\n- Evolution since crisis: Noted strengthening of powers and supervisory stance after the global crisis.\n- Supervisory outcomes: High compliance specifically on credit-risk and capital adequacy principles."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Insurance; Insurance companies; Market risk; Operational risk; Solvency\n- Keywords: coordination arrangement; CR; credit inspection; credit risk; DFSA approach; DFSA exercise; DFSA reviews fitness; DFSA shares information; DFSA website; Global; holding company; Insurance; Insurance companies; insurance resource; ISCR; Market risk; Operational risk; risk assessment; risk management; Solvency; solvency standard\n\nInternational Monetary Fund. Monetary and Capital Markets Department \"Denmark: Report on Observance of Standards and Codes (ROSC)\", IMF Staff Country Reports 2014, 335 (2014).\n\n---\n\n Content in this bundle\n\n- Cr14335\n  - Cr14335 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr14335 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 9, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498376266.002",
    "Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision.",
    "The Danish Financial Supervisory Authority (DFSA) has the appropriate legal authority to carry out supervision effectively.",
    "The DFSA’s risk based approach has focused well on the key elements of risk within its banking system.",
    "The DFSA’s powers and supervisory approach have evolved significantly since the recent global crisis.",
    "The DFSA emerged as a proactive supervisor.",
    "The overall supervisory approach is sound.",
    "Compliance with the credit-risk and capital adequacy related principles is uniformly high.",
    "Institutional capacity: DFSA legal authority and mandate enable effective supervision.",
    "Supervisory methodology: Risk based approach that targets key banking system risks.",
    "Evolution since crisis: Noted strengthening of powers and supervisory stance after the global crisis.",
    "Supervisory outcomes: High compliance specifically on credit-risk and capital adequacy principles.",
    "Subject: Banking; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Insurance; Insurance companies; Market risk; Operational risk; Solvency",
    "Keywords: coordination arrangement; CR; credit inspection; credit risk; DFSA approach; DFSA exercise; DFSA reviews fitness; DFSA shares information; DFSA website; Global; holding company; Insurance; Insurance companies; insurance resource; ISCR; Market risk; Operational risk; risk assessment; risk management; Solvency; solvency standard",
    "**Cr14335**"
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