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  • 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.
  • Comments on Danske Bank’s investigation
    Emne:
    2018, Press releases
    Today, Danske Bank has presented its conclusions from the bank’s own investigations of the branch in Estonia.
  • Joint statement by the Estonian FSA and the Danish FSA
    Emne:
    2018, Press releases, News, Press release
    The Estonian financial supervision and resolution authority Finantsinspektsioon and the Danish FSA in this statement express their shared understanding of the supervisory responsibilities between the two regulators, as a response to numerous respective inquiries from media.
  • Decision concerning Danske Bank's management and control in the Estonian money laundering case
    Emne:
    Press releases, Decision, News, Press release
    Today, the Danish FSA has issued its decision on Danske Bank's management and control in the money laundering case at the bank's branch in Estonia. The decision comprises eight orders and eight reprimands, and indicates the need for an increase in the bank's capital requirement by DKK 5bn due to increased compliance and reputational risk.
  • Final resolution plans and MREL for systemically important banks
    Emne:
    2018, Press releases
    The Financial Supervisory Authority has now prepared the final resolution plans and MREL for Danske Bank, Jyske Bank and Sydbank. As previously indicated, the overall MREL for SIFIs will be set to twice the solvency requirement plus twice the combined capital buffer requirement. The resolution plans for Nykredit and DLR Kredit will be finalised after 1 July, when a new legislative proposal is expected to come into effect.
  • EU authorities warn consumers about cryptocurrency
    Emne:
    2018, Press releases, News, Press release, Warnings
    The Danish FSA endorses new consumer warning about cryptocurrency from the EU's three financial supervisory authorities – EBA, EIOPA and ESMA.
  • New cooperation agreement on cross-border financial stability
    Emne:
    2018, Press releases
    The heads of relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries, have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability.
  • Danmarks Nationalbank and the financial sector are strengthening their cyber defences
    Emne:
    2018, Press releases
    Danmarks Nationalbank wishes to increase cyber resilience in the most critical part of the Danish financial infrastructure in particular. Consequently, Danmarks Nationalbank and the financial sector have agreed to establish a Danish red team test programme.
  • The Danish FSA launches FT Lab
    Emne:
    2018, Press releases
    Today, Danish Financial Supervisory Authority (the Danish FSA) will open for applications to the FT Lab, which is a regulatory sandbox for fintech initiatives. The idea is to make it possible for financial entrepreneurs to test their product or service on real customers.
  • Conference on more financing sources for enterprises
    Emne:
    Press releases, News, Press release
    The Danish FSA and the European Investment Bank (EIB) are putting investment finance in Denmark on the agenda at an international conference in Copenhagen on 15 December.Registration is now closed.
  • Resolution strategy and MREL for small and medium-sized banks
    Emne:
    Press releases
    The Danish FSA publishes today its final principles for resolution and minimum requirements for own funds and eligible liabilities (MREL) for small and medium-sized banks. The MREL add-on will be in the interval of 3½-6% and phased in over a period of five years.This press release was originally published in Danish October 30th.
  • Trade transparency, waivers and deferrals for non-equity instruments
    Emne:
    2017, Press releases
    The Danish Financial Supervisory Authority (FSA) allows certain waivers and deferrals in respect of the requirements for publication of order and trade information.
  • Market developments in 2016 in collective investments: Increasing assets in collective investments
    Emne:
    2017, Press releases, Market development
    Danish savings in collective investments rose in 2016 to a total of DKK 2,050 billion. This corresponds to 38 per cent of Danes’ total financial savings, according to a new analysis by the Danish FSA.
  • Monetary Authority of Singapore and the Danish Financial Supervisory Authority Signs FinTech Agreement
    Emne:
    2017, Press releases
    The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) today signed a FinTech Co-operation Agreement which aims to help FinTech companies in Singapore and Denmark to expand into each other’s markets.
  • Discussion paper on transparency and liquidity on the mortgage-credit-bond market
    Emne:
    2017, Press releases
    New EU legislation entails that, later this year, the Danish FSA will have to decide possible exemptions from requirements regarding trade transparency on non-equity markets, including the market for mortgage-credit bonds. The Danish FSA has published a discussion paper on the topic to ensure public debate and a solid decision base.
  • Banks should strengthen their focus on preventing tax evasion
    Emne:
    Press releases, 2017
    Danish banks should have much stronger focus on meeting the requirements of the Money Laundering Act concerning prevention of tax evasion by customers. This is the main conclusion of the Danish FSA in its final report based on the Panama Papers.
  • Danish Financial Supervisory Authority launches debate on risks in new pensions
    Emne:
    2017, Press releases
    Every time Danes save DKK 100 for their pension, DKK 60 goes into schemes with unclear payments for customers when they start drawing their pensions. This has prompted the Danish FSA to launch a debate on the risks of so-called market return pensions with a new discussion paper.
  • Discussion paper on resolution strategies and MREL for small and medium-sized banks
    Emne:
    2017, Press releases
    The Danish FSA publishes today a discussion paper on the preliminary considerations regarding principles for resolution and setting the minimum requirement for own funds and eligible liabilities (MREL) for small and medium-sized banks. Finansiel Stabilitet has been consulted and has contributed to the discussion paper during its preparation.