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  • 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.
  • Statement on supervision of Danske Bank as regards the Estonia case
    Emne:
    2019, Press releases
    The Danish FSA has published its statement on the supervision of Danske Bank in respect of the Estonia case. The statement describes the course of events and also includes an ideas catalogue with 23 initiatives which may contribute to an anti-money laundering supervision in European top class. The statement moreover contains answers to a number of the points of criticism put forward.
  • Qudos Insurance A/S declared bankrupt
    Emne:
    2018, Press releases
    The Danish insurance company Qudos Insurance A/S has been declared bankrupt. Policyholders can cancel their policy, if they wish to do so. The policy will be cancelled 3 months after the declaration of the bankruptcy in Statstidende. The Danish Guarantee Fund for non-life insurance undertakings will cover some claims incurred 4 weeks after the liquidator has notified the policyholders of the bankruptcy.
  • Jesper Berg's speaking notes from the Folketing's hearing on Danske Bank
    Emne:
    2018, Press releases
    The Danish Financial Supervisory Authority (Danish FSA) has published Jesper Berg's speaking notes for his presentation to the Folketing's hearing on Danske Bank of 19 November 2018. In particular, the purpose was to further communicate facts about the division of responsibility between Denmark and Estonia and about supervisory activities between 2007-2018.
  • Qudos Insurance A/S has entered into solvent liquidation
    Emne:
    2018, Press releases
    Qudos Insurance A/S has on 27 November 2018 announced it has entered into solvent liquidation. Please contact your broker with any queries.
  • Jesper Berg's presentation at Nykredit Capital Markets Day 2018
    Emne:
    2018, Press releases
    Jesper Berg, Director General of the Danish FSA, addressed a number of current topics related to the Danish financial system in his presentation at Nykredit’s Capital Markets Day November 14, 2018.
  • Large Danish banks withstand severe economic downturn
    Emne:
    2018, Press releases
    The EU-wide stress test shows that the four Danish banks will maintain excess capital relative to capital requirements even in the event of a severe economic downturn. Danske Bank, Nykredit, Jyske Bank and Sydbank will maintain Common Equity Tier 1 capital ratios be-tween 11.7 and 15.6 per cent by the end of 2020. Going forward, the results will feed into the supervisory dialogue with the banks on their capital targets and distribution policies.
  • Decision that Københavns Andelskasse is likely to fail
    Emne:
    2019, Press releases
    The Danish Financial Supervisory Authority (the Danish FSA) completed an inspection of Københavns Andelskasse during june and august 2018. The inspection included all the main areas of risk including anti-money laundering (AML). During the course of the inspection the Danish FSA observed a signifi-cant amount of breaches to the financial regulation and AML-regulation.
  • Danske Bank's follow-up to the Estonia case
    Emne:
    2018, Press releases
    The Danish Supervisory Authority has issued a decision on Danske Bank's follow-up to the eight orders that were part of the decision of 3 May 2018 on management and control in relation to the Estonian branch. Due to increased compliance and reputational risks, the bank received an order to re-evaluate the solvency need and, as a minimum, to increase its Pillar II add-on covering these risks to at least DKK 10 billion.
  • Inquiry from EBA concerning anti-money laundering supervision
    Emne:
    2018, Press releases
    The European Banking Authority (EBA) has today informed the Danish FSA that this week EBA expects to forward a formal inquiry to the Danish FSA concerning the FSA’s handling of anti-money laundering supervision. The background for the inquiry is the case relating to Danske Bank’s branch in Estonia.
  • Comments on the Danske Bank Case
    Emne:
    2018, Press releases
    In the decision of the Danish FSA, dated May 3, 2018, it is stated that the Danish FSA will incorporate new relevant information that will later appear in the Danske Bank case. Now, the Danish Bank report is available, and therefore the Danish FSA will again look at the basis of the case.