Denmark has a high level of compliance with the Basel Core Principles for Effective Banking Supervision (BCPs). The Danish Financial Supervisory Authority (DFSA) has the appropriate legal authority to carry out supervision effectively and in its risk based approach has focused well on the key elements of risk within its banking system. Its powers and supervisory approach have evolved significantly since the recent global crisis and the DFSA emerged as a hands- on and proactive supervisor. Its overall supervisory approach is sound and the compliance with the credit-risk and capital adequacy related principles is uniformly high. The length of the examination cycle should be reduced through the use of additional resources. A more thorough and comprehensive approach to operational risk and market risk is warranted. Finally, the operational independence of the DFSA should be protected by retaining certain supervisory imperatives within the authority of the Director General, while strengthening the governance of the DFSA Board.
To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.
|Size: ||4.5 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2014|
|ISBN: ||9781484300329 (DRM-EPUB)|
|Copying:||of 20 selections every 20 days allowed|
|Printing:||of 20 pages every 20 days allowed|
|Read Aloud: ||not allowed|