IMF Staff Country Reports

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

Publication Date:

August 12, 2020

Electronic Access:

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Summary:

Since the 2014 FSAP, Denmark’s financial safety net and crisis management frameworks, including bank resolution, have improved significantly. In response to the FSAP and the transposition of the pertinent European Union (EU) rules, Denmark has enacted major reforms including new legislation for resolution and deposit insurance, introduced a resolution framework for banks and mortgage credit institutions (MCIs), designated two national resolution authorities, established resolution colleges, changed the governance of the deposit insurance system (DIS) and revived cross-border cooperation through the Nordic-Baltic Stability Group (NBSG), including through revising an earlier memorandum of understanding (MOU) and conducting a joint crisis simulation in 2019.

Series:

Country Report No. 2020/257

Subject:

Bank resolution Bank resolution framework Crisis management framework Crisis resolution Financial crises International organization Monetary policy

Frequency:

regular