Consultation responses

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Consultation response to the act to amend the Danish mortgage-credit loans and mortgage-credit bonds

Danmarks Nationalbank

On 23 October 2020, the Danish Financial Supervisory Authority initiated a consultation procedure for a draft bill for an Act to amend the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act, the Danish Financial Business Act and the Danish Act on a Ship Finance Institute. The purpose of the draft bill is to minimum implement the Directive on the issue of covered bonds and covered bond public supervision (CBD) and to lay down the requirement for a minimum level of excess capital ade-quacy for collateral resulting from the amendment to the Capital Re-quirements Regulation (CRR).