Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets: Technical Note
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Summary:
This paper discusses findings and recommendations made in the Financial Sector Assessment Program Update for Denmark in the areas of crisis management, bank resolution, and financial-sector safety nets. The Danish resolution scheme has allowed the authorities to deal with mounting distress while minimizing costs for taxpayers. The scheme has enabled the orderly winding-up of the affected banks by providing for a transfer of all assets, and part of the liabilities, to the Financial Stability Company or third-party acquirers. The authorities are encouraged to further strengthen the resolution framework in line with the Bank Recovery and Resolution Directive and emerging international good practices.
Series:
Country Report No. 2014/351
Subject:
Bank resolution Bank resolution framework Banking Crisis management Crisis resolution Financial crises
English
Publication Date:
December 18, 2014
ISBN/ISSN:
9781498396646/1934-7685
Stock No:
1DNKEA2014009
Pages:
43
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