The banking union consists of two elements. One is a strong single supervision of all large European banks. The other is a uniform and consistent practice for crisis management in relation to large and cross-border European banks. Danmarks Nationalbank believes that Denmark should join the banking union. In short, it is Danmarks Nationalbank's assessment that participation will benefit Danish households and firms.

Danmarks Nationalbank does not specifically address the individual aspects of the Fit & Proper regulations highlighted in the Danish Financial Supervisory Authority's discussion paper. On a more general basis, Danmarks Nationalbank finds it essential to maintain the owners' and management's full responsibility for the sound operation of a credit institution. The EU Fit & Proper regulations give the member states a certain degree of flexibility. In Danmarks Nationalbank's view, no Danish rules or practices generally expanding the Danish Financial Supervisory Authority's Fit & Proper tasks relative to the current regime should be implemented.

​In June 2017, the foreign-exchange reserve decreased by kr. 0.04 billion to kr. 463.9 billion.

Danmarks Nationalbank's comments on the government's decision to launch a review on Danish participation in EU Banking Union.

Speech by Governor Lars Rohde at the Swiss finance policy seminar, 3 July 2017.