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  • Gefion Insurance A/S entered into liquidation
    Emne:
    Press releases, Press release, 2020
    On July 13 2020 Gefion Insurance A/S entered into liquidation. Attorney Troels Askerud and attorney Søren Aamann Jensen were appointed as the liquidators by the General Assembly.
  • Summary of the supervisory steps taken by the Danish Financial Supervisory Authority towards Gefion Insurance A/S
    Emne:
    2020, News, Press release, Press releases
    The Danish Financial Supervisory Authority has refused to grant Gefion Insurance A/S an extension of three months of the recovery period and therefore has withdrawn the company’s license as insurance company.
  • EU tender – The Danish Financial Supervisory Authority is examin-ing the transaction monitoring in the largest banks in Denmark
    Emne:
    2020, Press releases
    The Danish Financial Supervisory Authority have committed itself to carry out a cross-sector AML inspection of transaction monitoring in the two largest banks in Denmark, Nordea and Danske Bank.
  • Post-trade transparency for bonds
    Emne:
    2020, Press releases
    The Danish FSA has decided to allow deferral of publication of post trade information for bond transactions above the so-called size-specific to instrument threshold (SSTI). This is a consequence of new calculations from the European Securities and Markets Authority (ESMA) increasing the publication thresholds considerably.
  • Phase-in of minimum requirements for own funds and eligible liabilities (MREL) in light of the COVID-19 crisis
    Emne:
    Press release, Press releases, Pressemeddelelser
    The Danish Financial Supervisory Authority (FSA) is extending the phase-in of minimum requirements for own funds and eligible liabilities (MREL) for Danish and Faroese banks, while taking into account future lower requirements for SIFIs in Denmark.
  • EU rules for tick sizes are well suited for the Danish stock market
    Emne:
    Press releases, Press release, Pressemeddelelser
    In January 2018, common European rules were introduced for tick sizes for shares, ie the minimum allowed price change for a specific share. Overall, the rules for tick sizes seem to have worked as intended, but there are also indications that tick sizes may advantageously be reduced for the most liquid shares according to a new analysis from the Danish FSA.
  • Lowered threshold for reporting of net short positions in shares admitted to trading in the European Union
    Emne:
    2020, Press releases
    The European Securities and Markets Authority (ESMA) has decided to temporarily lower the reporting threshold for net short positions in shares admitted to trading in a regulated market from 0.2% to 0.1% of a company’s issued share capital. The new reporting threshold will apply for a period of three months starting from 16 March 2020.
  • The 2019 EU-wide transparency exercise has been published
    Emne:
    2019, Press releases
    The European Banking Authority (EBA) has published the results of the 2019 EU-wide Transparency Exercise, where four Danish banks have participated: Danske Bank, Jyske Bank, Nykredit and Sydbank.
  • Statement of the Danish Financial Supervisory Authority’s conclusions of the inspection conducted in Gefion Insurance A/S
    Emne:
    2019, Press releases
    The Danish Financial Supervisory Authority has conducted an inspection in Gefion Insurance A/S.
  • Managements must increase focus on anti-money laundering rules
    Emne:
    2019, Press releases
    The managements of the financial companies generally lack adequate focus on how to prevent the companies from being used for money laundering or terrorist financing. This is the conclusion of the Financial Supervisory Authority on the basis of 55 anti-money laundering inspections from mid-2017 to the end of 2018. The companies must also improve in several other areas.
  • Investigation into the Danske Bank and Flexinvest Fri case
    Emne:
    2019, Press releases
    The Danish Financial Supervisory Authority (FSA) is conducting an investigation of Danske Bank's advice to customers on investing in its Flexinvest Fri product, expected to give negative net returns.
  • Problems relating to securities settlement have to be solved
    Emne:
    2019, Press releases
    Based on today’s report on securities settlement in the T2S system with Danish kroner, the Danish FSA states that the outstanding issues must be solved. The Danish FSA will follow up with the stakeholders in the Danish market.
  • Nordic and Baltic financial supervisors enhance cooperation to fight money laundering
    Emne:
    2019, Press releases
    Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.
  • EBA: The Danish FSA did not breach Union law
    Emne:
    Press releases
    The EBA's Board of Supervisors decides cases regarding breach of Union law. The EBA's Board of Supervisors has decided that the Danish FSA did not breach Union law, on the basis of i.a. the Danish FSA’s consultation response and the discussion at the meeting of Board of Supervisors. The draft presented by the EBA Secretariat was rejected.
  • Comment to EBA’s investigation of the Danish FSA
    Emne:
    2019, Press releases
    The European Banking Authority, EBA, has published its conclusion on the investigation, which EBA has conducted of the Danish FSA and the Estonian FSA (Finantsinspektioon) in connection with the money laundering case in Danske Bank’s Estonian branch. EBA has found no basis to support that the Danish FSA or Finantsinspektioon have broken EU rules.
  • Points to be aware of in the event of a no-deal Brexit
    Emne:
    2019, Press releases
    The Danish Financial Supervisory Authority (the Danish FSA) is drawing attention to several important points for Danish undertakings and customers of British financial undertakings in the event that the United Kingdom leaves the EU in a no-deal Brexit.
  • Berg and Kessler jointly emphasize cooperation in cross-border AML cases
    Emne:
    2019, Press releases
    On February 27, 2019, the Director General of Finanstilsynet of Denmark, Mr. Jesper Berg, and the Chairman of Finantsinspektsioon of Estonia, Mr. Kilvar Kessler, met in Tallinn to discuss events with regard to antimoney-laundering (AML), as well as recent media exchanges.
  • Comment re. Estonia
    Emne:
    2019, Press releases
    The Danish FSA has noted the EFSA’s statement of today re. the supervision of Danske Bank’s Estonian branch and the comments on the Danish FSA’s handling of its tasks.
  • Correspondence with the Estonian Financial Supervisory Authority on Danske Bank
    Emne:
    2019, Press releases
    The Danish Ministry of Industry, Business and Financial Affairs has today to the Danish Parliament sent two documents from the historical correspondence with the Estonian Financial Supervisory Authority (EFSA) on the AML supervision of Danske Bank's Estonian branch.
  • Comment re. Estonia
    Emne:
    2019, Press releases
    The Danish FSA's comment on the communication from the Estonian Financial Supervisory Authority (EFSA) on the anti money laundering (AML) supervision of Danske Bank in Estonia.