Consultation responses

Published Download Title
08-12-2020

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).

08-10-2020

Consultation response concerning the bill to amend the Danish financial business act etc

Danmarks Nationalbank

On 30 June 2020, the Danish Financial Supervisory Authority submitted for consultation a bill to amend the Danish Financial Business Act (Lov om finansiel virksomhed), the Danish Act on Restructuring and Resolution of Certain Financial Undertakings (Lov om restrukturering og afvikling af visse finansielle virksomheder) and the Danish Capital Markets Act (Lov om kapitalmarkeder) and repeal the Danish Financial Stability Act (Lov om finansiel stabilitet). The bill primarily implements amendments resulting from revisions to the Capital Requirements Directive (CRD V) and the Bank Recovery and Resolution Directive (BRRD II). Danmarks Nationalbank welcomes the bill's general approach to imple-menting the outcomes required by the directives. It is important to have a 'level playing field' between credit institutions in Denmark and other EU member states.