## Denmark: Financial Sector Assessment Program‑Technical Note‑Financial Safety Net and Crisis Management Arrangements

_IMF Staff Country Reports, August 12, 2020_

## Source details

**Canonical URL:** [Denmark: Financial Sector Assessment Program‑Technical Note‑Financial Safety Net and Crisis Management Arrangements](https://www.imf.org/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-financial-safety-net-and-crisis-49667)

## Other formats

- [Markdown version](/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-financial-safety-net-and-crisis-49667/index.md)
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## Bibliographic details
- Published: August 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513553078.002

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### Executive summary
- 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.

### Key findings
- Legal and institutional reform:
  - New legislation for resolution and deposit insurance enacted.
  - Resolution framework introduced for banks and mortgage credit institutions (MCIs).
  - Two national resolution authorities designated.
  - Resolution colleges established.
- Deposit insurance:
  - Governance of the deposit insurance system (DIS) changed.
- Cross-border cooperation and crisis preparedness:
  - Nordic-Baltic Stability Group (NBSG) activity revived.
  - Earlier memorandum of understanding (MOU) revised.
  - Joint crisis simulation conducted in 2019.

### Subjects and keywords
- 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

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2020/english/1dnkea2020008.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2020/english/1dnkea2020008.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2020/08/07/denmark-financial-sector-assessment-program-technical-note-financial-safety-net-and-crisis-49667_