The report begins with Danmarks Nationalbank's assessment of the financial stability in Denmark. This is followed by the analysis of financial stability, with emphasis on the development in the financial sector. Finally the report consists of topical issues of relevance to financial stability. This year it contains: Danmarks Nationalbank's policy for oversight of the Danish financial infrastructure, effects of new accounting and capital-adequacy rules, macro stress testing of Danish households, macro stress testing of the financial system and Danmarks Nationalbank's failure-rate model, KIM.