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Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets: Technical Note

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  • International Monetary Fund

Abstract

This paper discusses findings and recommendations made in the Financial Sector Assessment Program Update for Denmark in the areas of crisis management, bank resolution, and financial-sector safety nets. The Danish resolution scheme has allowed the authorities to deal with mounting distress while minimizing costs for taxpayers. The scheme has enabled the orderly winding-up of the affected banks by providing for a transfer of all assets, and part of the liabilities, to the Financial Stability Company or third-party acquirers. The authorities are encouraged to further strengthen the resolution framework in line with the Bank Recovery and Resolution Directive and emerging international good practices.

Suggested Citation

  • International Monetary Fund, 2014. "Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets: Technical Note," IMF Staff Country Reports 2014/351, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/351
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