{
  "title": "Denmark: Financial Sector Assessment Program‑Technical Note‑Financial Safety Net and Crisis Management Arrangements",
  "publication": "IMF Staff Country Reports, August 12, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-financial-safety-net-and-crisis-49667",
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  "summary": "Since the 2014 FSAP, Denmark’s financial safety net and crisis management frameworks, including bank resolution, have improved significantly.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Since the 2014 FSAP, Denmark’s financial safety net and crisis management frameworks, including bank resolution, have improved significantly.\n- Major reforms enacted in response to the FSAP and the transposition of pertinent European Union (EU) rules include new legislation for resolution and deposit insurance and the introduction of a resolution framework for banks and mortgage credit institutions (MCIs).\n- Two national resolution authorities have been designated.\n- Resolution colleges have been established.\n- Governance of the deposit insurance system (DIS) has been changed.\n- Cross-border cooperation was revived through the Nordic-Baltic Stability Group (NBSG), including revising an earlier memorandum of understanding (MOU) and conducting a joint crisis simulation in 2019."
    },
    {
      "heading": "Key findings",
      "content": "- Legal and institutional reform:\n  - New legislation for resolution and deposit insurance enacted.\n  - Resolution framework introduced for banks and mortgage credit institutions (MCIs).\n  - Two national resolution authorities designated.\n  - Resolution colleges established.\n- Deposit insurance:\n  - Governance of the deposit insurance system (DIS) changed.\n- Cross-border cooperation and crisis preparedness:\n  - Nordic-Baltic Stability Group (NBSG) activity revived.\n  - Earlier memorandum of understanding (MOU) revised.\n  - Joint crisis simulation conducted in 2019."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Bank resolution, Bank resolution framework, Crisis management framework, Crisis resolution, Financial crises, International organization, Monetary policy\n- 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\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 12, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513553078.002",
    "Since the 2014 FSAP, Denmark’s financial safety net and crisis management frameworks, including bank resolution, have improved significantly.",
    "Major reforms enacted in response to the FSAP and the transposition of pertinent European Union (EU) rules include new legislation for resolution and deposit insurance and the introduction of a resolution framework for banks and mortgage credit institutions (MCIs).",
    "Two national resolution authorities have been designated.",
    "Resolution colleges have been established.",
    "Governance of the deposit insurance system (DIS) has been changed.",
    "Cross-border cooperation was revived through the Nordic-Baltic Stability Group (NBSG), including revising an earlier memorandum of understanding (MOU) and conducting a joint crisis simulation in 2019.",
    "Legal and institutional reform:",
    "Deposit insurance:",
    "Cross-border cooperation and crisis preparedness:",
    "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",
    "**Executive Summary**"
  ],
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