Report

Published Download Title
11-10-2019

Betalingsservice Assessment

Danmarks Nationalbank has assessed Betalingsservice, which is owned and operated by Nets, against the standards for direct debit schemes established by the European Central Bank, ECB. Danmarks Nationalbank's overall assessment is that Nets has ensured that Betalingsservice extensively complies with the ECB requirements. At the same time, Danmarks Nationalbank has recommendations and remarks on how to strengthen Nets' management and operation of Betalingsservice. Inter alia, Danmarks Nationalbank recommends that Nets strengthen the compliance area and formalise its requirements for the critical suppliers' risk management. It is also remarked that the transparency of the fee structure will be enhanced if the firms clearly show their own fees to the consumers. Nets can be conducive to ensuring this. Danmarks Nationalbank oversees the payment and settlement systems in Denmark in order to promote safe and efficient settlement of payments, securities trades, etc. Betalingsservice is one of the solutions subject to this oversight.

03-06-2019

Oversight of the financial infrastructure 2018

The report presents the conclusions from Danmarks Nationalbank's oversight of the Danish payments infrastructure in 2018. Two major system changes were introduced with the implementation of Kronos2 and the migration of kroner to the trans-European securities platform, T2S. The core payment and settlement systems and most important payment solutions extensively comply with international standards for efficiency and security. Cyber risk management was still a focus area of Danmarks Nationalbank's oversight. The maturity of the systems' cyber security efforts varies.

20-03-2019

Annual report 2018

Danmarks Nationalbank's accounts for 2018 show a loss of kr. 24 million, compared with a loss of kr. 254 million in 2017. Danmarks Nationalbank’s revenue is subject to structural pressure from negative interest rates. The loss not being greater is i.a. due to the temporary exchange rate gain of kr. 1.4 billion as a consequence of the strengthening of the euro against.

31-01-2019

Danish government borrowing and debt 2018

Denmark's government debt policy has been characterised by four years of very low funding costs and declining debt. In 2018, the central government debt fell to 19 per cent of GDP. The central government saves considerable interest costs by granting on-lending and buying bonds to finance social housing. At the same time, it contributes to supporting the market for government securities. Market liquidity is also supported by the central government's activity in the secondary market and by a well-functioning primary dealer model.