## Denmark: Report on Observance of Standards and Codes (ROSC)

_IMF Staff Country Reports, December 9, 2014_

## Source details

**Canonical URL:** [Denmark: Report on Observance of Standards and Codes (ROSC)](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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## Bibliographic details
- Published: December 9, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498376266.002

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### Summary findings
- 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.

### Analytical emphasis
- 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 areas and keywords
- 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

*International Monetary Fund. Monetary and Capital Markets Department "Denmark: Report on Observance of Standards and Codes (ROSC)", IMF Staff Country Reports 2014, 335 (2014).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-report-on-observance-of-standards-and-codes-rosc-42503_