scholarly journals Denmark

2020 ◽  
Vol 20 (251) ◽  
Author(s):  
Keyword(s):  
Financial Sector ◽  
Technical Note ◽  
Supervisory Authority ◽  
Assessment Program ◽  
Policy Frameworks ◽  
Policy Measures ◽  
Cyber Risk ◽  
The Impact

COVID-19 pandemic: The Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic, so this Technical Note (TN) does not assess the impact of the crisis or the recent crisis-related policy measures. Nonetheless, given the FSAP’s focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent. The Danish Financial Supervisory Authority (DFSA) has improved standards in its oversight of banking and insurance sectors since the last FSAP. Nevertheless, risks persist, both in traditional forms, and new areas, such as cyber risk, AML, and innovative market entrants. This note, selects topics to meet evolving supervisory challenges and the expectation that the international supervisory standards themselves will likewise continue to rise.

scholarly journals Denmark

2020 ◽  
Vol 20 (253) ◽  
Author(s):  
Keyword(s):  
Decision Making ◽  
Systemic Risk ◽  
Technical Note ◽  
Institutional Arrangements ◽  
Macroprudential Policy ◽  
Assessment Program ◽  
Policy Frameworks ◽  
Policy Measures ◽  
The Impact ◽  
Advisory Role

COVID-19 pandemic: The Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic, so this Technical Note (TN) does not assess the impact of the crisis or the recent crisis-related policy measures. Nonetheless, given the FSAP’s focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent. While Denmark’s institutional arrangements are uncommon, the authorities have undertaken several macroprudential measures since the last FSAP. The Minister for Industry, Business and Financial Affairs (MIBFA) has decision-making power over most macroprudential tools in Denmark, which is rare in international practice. However, the Systemic Risk Council (SRC), which includes members from the Danmarks Nationalbank (DN) and Danish Financial Supervisory Authority (DFSA) plays an advisory role and has powers to give recommendations with a comply or explain mechanism. In recent years, the authorities have taken wide-ranging macroprudential policy actions in response to growing systemic vulnerabilities, which have seemed to slow down some of the riskier trends. More recently, in response to the Covid-19 crisis, countercyclical capital buffer (CCyB) has been fully released.

scholarly journals Switzerland

2019 ◽  
Vol 19 (184) ◽  
pp. 1
Author(s):  
Keyword(s):  
Financial Sector ◽  
Technical Note ◽  
Banking Supervision ◽  
Assessment Program

Financial Sector Assessment Program; Technical Note-Selected Issues on Banking Supervision

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