Consultation responses

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Consultation response regarding potential candidates for a new risk-free reference rate for the Danish krone market

Danmarks Nationalbank

Danmarks Nationalbank considers it positive that a new reference rate will be based on actual transactions rather than quoted prices, as the underlying transactions will enhance confidence in the reference rate. With the aim of clarification and of strengthening confidence in reference rates in Denmark, the new reference rate should be implemented rapidly, and the existing one should be phased out. It is essential that the sector now continues this work. Solutions still need to be found for reference rates for longer maturities and for migrating existing contracts from old to new reference rates. Such solutions should match international best practice.


Consultation response regarding the bill to amend the Anti-Money Laundering Act and the Financial Business Act

Danmarks Nationalbank

The bill implements parts of the political agreement of 19 September 2018 on further initiatives to strengthen the efforts to combat money laundering and terrorist financing. Events have shown that there has been – and still is – a need to strengthen efforts in this area as money laundering can jeopardise financial stability. Danmarks Nationalbank calls for a closer dialogue between authorities and the financial sector and supports the implementation of parts of the political agreement.