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

International Monetary Fund

No 2020/257, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: liquidity assistance in Resolution; B. liquidity assistance; FSAP's finding; Denmark FSAP; B. recovery planning; Bank resolution framework; Crisis management framework; Crisis resolution; Bank resolution; Baltics (search for similar items in EconPapers)
Pages: 32
Date: 2020-08-12
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