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Author Monetary and Capital Markets Department, and Legal Department, author

Title Denmark : financial sector assessment program : crisis management, bank resolution, and financial sector safety nets : technical note / prepared by Monetary and Capital Markets Department, and Legal Department
Published Washington, District of Columbia : International Monetary Fund, 2014
Online access available from:
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Description 1 online resource (44 pages) : illustrations (some color), tables, graphs
Series IMF Staff Country Reports ; v. Country Report No. 14/351
IMF Staff Country Reports
Contents Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLE; 1. Recommendations on Crisis Management, Bank Resolution and Safety Nets; THE FINANCIAL CRISIS IN DENMARK; FIGURES; 1. Asset Size Banks and Mortgage-Credit Institutions; 2. Danish Banking System's Foreign Exposures; BOXES; 1. The Failure of Roskilde Bank; INSTITUTIONAL FRAMEWORK; A. Domestic Arrangements; B. Cross-Border Coordination; 2. Institutional Framework in Denmark; 3. Institution-Specific Resolution Strategies; CRISIS PREPAREDNESS; 4. Recommendations of the Committee on Systemically Important Financial Institutions in Denmark
EARLY INTERVENTION3. The Supervisory Diamond for Banks; CRISIS MANAGEMENT TOOLS; A. Crisis Containment Measures; B. Emergency Liquidity Assistance; C. Resolution Regime; 4. Overview of Danish Resolution Scheme; D. Funding of Firms in Resolution; E. Bank Liquidation and Insolvency; 5. Different Forms of Depositor Preference; DEPOSIT GUARANTEE SCHEME; 6. Guarantee Fund for Depositors and Investors's Involvement in Resolution Matters; 5. DGS Involvement in Bank Resolution; A. Scope and Coverage; B. Governance; C. Funding; 6. Financing of the DGS; D. Reimbursements; LEGAL PROTECTION; ANNEXES
Summary 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 fr
Notes Online resource; title from PDF cover (ebrary, viewed March 6, 2015)
Subject Asset-liability management -- Denmark.
Financial crises -- Denmark -- Management.
Financial risk management -- Denmark.
Global Financial Crisis, 2008-2009.
Form Electronic book
ISBN 149839227X (e-book)
9781498392273 (e-book)