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

International Monetary Fund

No 2014/335, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings of the Report on Observance of Standards and codes for Denmark. 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, and its risk based approach has focused well on the key elements of risk within its banking system. Its powers and supervisory approach have evolved significantly since the recent global crisis, and the DFSA emerged as a proactive supervisor. Its overall supervisory approach is sound, and the compliance with the credit-risk and capital adequacy related principles is uniformly high.

Keywords: ISCR; CR; risk management; solvency standard; credit inspection; DFSA exercise; coordination arrangement; DFSA reviews fitness; insurance resource; risk assessment; holding company; DFSA website; DFSA shares information; credit risk; DFSA approach; Insurance companies; Market risk; Solvency; Insurance; Operational risk; Global (search for similar items in EconPapers)
Pages: 30
Date: 2014-12-09
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