Danmarks Nationalbank finds it positive that the analysis brings into focus the question of how a basis for enhanced competition in this market can best be achieved. Overall, Danmarks Nationalbank agrees with The Danish Competition Council's recommendation on potential amendments to financial regulation.

Strong economic growth in Greenland in 2016 and 2017 is to a large extent attributable to fisheries. Rising building and construction investments have also boosted growth in Greenland's economy. Despite the good times, the Greenlandic politicians need to address a number of major challenges. It is difficult to combine a sound economy with independence.

Time-to-maturity is introduced alongside leverage and asset volatility to explain equity volatility. The time-to-maturity can be interpreted as investors' views on when the firm will be liquidated and thereby relates to their view on the funding and solvency situation of the bank. Results for large European banks indicate that changes to the perceived time-to-maturity can indeed partly explain changes in observed equity volatility.

This paper investigates fire sales triggered by regulatory cliff effects induced by the loss of Capital Requirements Regulations (CRR) compliance on covered bonds.

​In July 2017, the foreign-exchange reserve decreased by kr. 0.05 billion to kr. 463.9 billion.