Denmark: Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2014/352, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCPs) on Denmark. Denmark has a high level of compliance with the BCPs. The Danish Financial Supervisory Authority has 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. The compliance with the credit-risk related principles is uniformly high and the provisioning policies have been adequately enhanced. Its overall supervision is also considered sound, although resource constraints result in an extended supervision cycle and some risk areas receiving insufficient attention.

Keywords: ISCR; CR; board of directors; risk profile; risk management; holding company; credit risk; onsite inspection; Market risk; Credit risk; Operational risk; Credit; Stress testing; Global (search for similar items in EconPapers)
Pages: 229
Date: 2014-12-18
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