Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Handling Distressed Banks in Denmark - Part 1
In June 2010 the Folketing (Danish parliament) adopted a new resolution scheme for handling distressed banks in the form of an established framework for controlled winding-up. The resolution scheme offers a clear alternative to compulsory liquidation, i.e. controlled winding-up via the state-owned windingup company, the Financial Stability Company. The scheme has attracted much attention both in Denmark and abroad. The article describes the background for the scheme and discusses its main features. The handling of Amagerbanken, which became distressed in February 2011, is used as a case study.