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

December 9, 2014

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Format: Chicago

Denmark: Report on Observance of Standards and Codes (ROSC), (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

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.

Subject: Banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Market risk, Operational risk, Solvency

Keywords: Coordination arrangement, CR, Credit inspection, Credit risk, DFSA approach, DFSA exercise, DFSA reviews fitness, DFSA shares information, DFSA website, Global, Holding company, Insurance, Insurance companies, Insurance resource, ISCR, Market risk, Operational risk, Risk assessment, Risk management, Solvency, Solvency standard

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/335
Stock No:

1DNKEA2014003
ISBN:

9781498376266
ISSN:

1934-7685

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