Contents
Financial institutions and financial and Economic developments
Crisis sentiment in the financial markets
The Danish money market
Credit extended by Danmarks Nationalbank
The international economy
The Danish economy
The financial institutions
Mortgage-credit institutes – increased write-downs and
increasing arrears ratios
Life insurance companies' reserves heavily reduced
Nordic groups
The Risk Outlook
Overview of significant risks to financial stability
Risks associated with global macroeconomic and financial
Risks to the Danish economy
Credit risk for Danish banks continues to rise
Uneven picture of the banks' interest-rate risk
Liquidity maintained after government guarantee
Summary of risks facing the banks
Risks to the Danish mortgage-credit sector
Assessment of the banks' resilience
Macro stress test – scenarios
Results of the stress scenarios
Market assessment of the banks
Danmarks Nationalbank's oversight of
the financial infrastructure in Denmark
The financial system's payments via Danmarks Nationalbank
Foreign-exchange settlement
Retail payments
Securities settlement
Appendix: Selected events up to and during the financial crisis
| FINANCIAL STABILITY 2009, 1st half The small picture on the cover shows a characteristic section of Danmarks Nationalbank's building, Havnegade 5 in Copenhagen. The building, which was constructed in 1965-78, was designed by the architect, Arne Jacobsen (1902-71). Text may be copied from this publication cost-free provided that Danmarks Nationalbank is specifically stated as the source. Changes to or misrepresentation of the content are not permitted. Financial stability 2007 is available on Danmarks Nationalbank's website: www.nationalbanken.dk under publications. Financial stability is also available on request from: Danmarks Nationalbank, Communications, Havnegade 5, DK-1093 Copenhagen K Telephone +45 33 63 70 00 (direct) or +45 33 63 63 63 Office hours, Monday-Friday 9.00 am-16.00 pm. E-mail: kommunikation@nationalbanken.dk www.nationalbanken.dk This publication is based on information available up to 27 April 2007. Explanation of symbols: - Magnitude nil 0 Less than one half of unit employed · Category not applicable na. Numbers not available Details may not add due to rounding. Schultz Grafisk A/S ISSN 1602-0553 ISSN (Online) 1602-0561 |
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