The Danish FSA

The Danish Financial Supervisory Authority (FSA) regularly conducts inspections of the financial institutions in Denmark, including Danske Bank, and afterwards prepares statements of its inspections. We are required to publish such statements on our website. We must also publish decisions and other supervisory reactions from the FSA.

Below you can find statements, decisions, supervisory reactions and the like listed by quarter and any comments we may have.

Statements and comments, Q1 2017Comments
Statement on themed inspection of Danske Bank - lending to the agriculture industry dated 27 Mar 2017No comments
Statement on inspection at Danske Bank A/S (cover pools etc) dated 27 Jan 2017
No comments

 

Statements and comments, Q4 2016Comments
Statement on themed inspection of Danske Bank A/S (new lending for owner-occupied and cooperative dwellings in growth regions) dated 29 Sep 2016Danske Bank will meet the requirements of the FSA

 

Statements and comments, Q3 2016Comments
Report on inspection at Realkredit Danmark A/S (LTV ratio monitoring) dated 25 Aug 2016Danske Bank will meet the requirements of the FSA
Statement on inspection in the market risk area at Danske Bank A/S (management of interest rate risk with a focus on hedging transactions) dated June 2016No comments

 

Statements and comments, Q2 2016Comments
Decision on additional liquidity requirement for Danish SIFIs including Danske Bank dated 17 June 2016Danske Bank will meet the requirement
Administrative fine notice - Danske Bank A/S dated 25 May 2016Comments on acceptance of administrative fine notice dated 25 May 2016
Statement of inspection at Danske Bank A/S (liquidity area) dated 9 May 2016Danske Bank will meet the requirements of the FSA
Statement on inspection of Danske Bank's operational risks dated 2 May 2016
Danske Bank will meet the requirements of the FSA

 

Statements and comments, Q1 2016Comments
Statement on inspection of Danske Bank (AML area) dated 16 Mar 2016Comment on statement on inspection of Danske Bank (AML area) dated 16 March 2016
Statement on inspection of Realkredit Danmark A/S (owner-occupied home model and arrears) dated 11 Feb 2016Realkredit Danmark will meet the requirements of the FSA
Statement on inspection at Danske Bank A/S (cover pools etc.) dated 11 Feb 2016Danske Bank will meet the requirements of the FSA
Statement on supervision of activity at Danske Bank A/S (quotation of reference rates) dated 8 Feb 2016No comments
Statement on inspection on product development at Danske Bank A/S dated 22 Jan 2016
No comments
Statement on inspection of the repo area at Danske Bank dated 6 Jan 2016
 Danske Bank will meet the requirement of the FSA

 

Statements and comments, Q4 2015Comments
Statement on review of new Norwegian loans at Danske Bank A/S dated 21 Dec 2015No comments
Statement on review of the anti-money laundering area at Danica Pension dated 4 Dec 2015No comments

 

Statements and comments, Q3 2015Comments
Statement on review of new Swedish loans etc. at Danske Bank A/S dated 6 Oct 2015Danske Bank will meet the requirements of the FSA
Decision on partial control review of the annual report for 2014 of Danica Pension dated 14 Sep 2015

Decision on partial control review of the annual report for 2014 of Forsikringsselskabet Danica Skadesforsikringsaktieselskab af 1999 dated 14 Sep 2015
Danica has met the requirement. See "Report and supplementary/corrective information on the annual report for 2014" published on 22 July 2015 in connection with announcement of half-year results for the first half of 2015 for Forsikringsselskabet Danica, Skadesforsikringsaktieselskab af 1999 and for Danica Pension.
Administrative fine notice - Danske Bank A/S dated 26 Aug 2015
Comments on acceptance of administrative fine notice dated 26 Aug 2015
Statement on inspection of Danske Bank A/S's market risk area (calculation and reporting of income and risk in business areas) dated July 2015
No comments
Statement on inspection at Danske Bank (risk management function, compliance function and internal audit) dated 3 July 2015No comments

 

Statements and comments, Q2 2015Comments
Statement on inspection of Danica Pension Livsforsikringsaktieselskab dated 27 Apr 2015Danica Pension will meet the requirements of the FSA

 

Statements and comments, Q1 2015Comments
Statement on inspection of Realkredit Danmark A/S dated 16 Apr 2015Danske Bank will meet the requirements of the FSA
Statement on review of new lending etc. at Danske Bank A/S dated 2 Mar 2015Danske Bank will meet the requirements of the FSA
Statement on IT inspection of Danske Bank Group dated 4 Feb 2015
Danske Bank will meet the requirements of the FSA
Control of compliance with accounting rules (control review) of Danske Bank A/S's annual report for 2013 dated 19 Jan 2015Danske Bank will meet the requirements of the FSA
Statement on supervision of activity at Danske Bank A/S dated 22 Dec 2014
No comments

 

Statements and comments, Q4 2014Comments
Statement on inspection at Danske Bank A/S (valuation of Swedish commercial property in Cover Pool C) dated 27 Nov 2014Danske Bank has met the requirements of the FSA
Statement on inspection of Danske Bank (Asset Quality Review and stress test) dated 26 Oct 2014Danske Bank accepts the statement

See company announcement no. 24 of 26 October 2014: Danske Bank passed stress test with a solid margin

 

Statements and comments, Q3 2014Comments
Statement on order to Danske Bank A/S on risk weighting of specialised lending to retail customers dated 28 July 2014Danske Bank has met the requirements of the FSA

 

Statements and comments, Q2 2014Comments
Administrative fine notice - Danske Bank A/S dated 29 Apr 2014Comments on acceptance of administrative fine notice dated 29 Apr 2014
Statement on inspection at Danske Bank A/S (remuneration at financial undertakings) dated 10 Apr 2014Danske Bank has met the requirements of the FSA. The cap is stated in the remuneration policy adopted by the Bank's annual general meeting on 18 March 2014.

 

Statements and comments, Q1 2014Comments
Administrative fine notice - Danske Bank A/S dated 18 Feb 2014Comments on acceptance of administrative fine notice dated 18 Feb 2014
Statement on inspection at Realkredit Danmark A/S (property valuation model) dated 22 Jan 2014Danske Bank has met the requirements of the FSA

 

Statements and comments, Q4 2013Comments
Statement on inspection at Realkredit Danmark A/S (LTV monitoring and arrears) dated 1 Oct 2013Danske Bank has met the requirements of the FSA

 

Statements and comments, Q3 2013Comments
Statement on independent investigation of Danske Bank's market risk area dated 22 Aug 2013Danske Bank has met the requirements of the FSA

 

Statements and comments, Q2 2013Comments
Decision regarding the use of IRB risk weights for corporate and institutional portfolios dated 17 June 2013The Danish Financial Supervisory Authority (the FSA) extended the deadline for Danske Bank's compliance with order no. 2 to increase TTC PD values for exposures with counterparty risk. The deadline has been extended to 30 June 2016.

Company announcement no. 9/2013 regarding orders from the FSA

Presentation from conference call

Transcript of conference call
Statement of inspection at Danske Bank A/S (management and control in the liquidity area) dated 16 May 2013
Danske Bank has met the requirements of the FSA

 

Statements and comments, Q1 2013Comments
Statement on inspection of Danske Bank A/S's covered bond registers dated 5 Mar 2013No comments
Statement concerning orders to Danske Bank regarding its liquidity position dated 1 Feb 2013Danske Bank has met the requirements of the FSA

 

Statements and comments, Q4 2012Comments
Statement on inspection at Realkredit Danmark A/S dated 21 Dec 2012No comments
Statement on inspection at Danske Bank (lending to finance company acquisitions) dated 20 Dec 2012No comments
Statement on inspection at Danske Bank A/S (management and control of the credit area) dated 18 Dec 2012)Danske Bank has met the requirements of the FSA
Statement on inspection at Danica Pension Livsforsikringsaktieselskab dated 29 Nov 2012Danica Pension, Livsforsikringsaktieselskab has met the requirements of the FSA
Statement on inspection at Forsikringsselskabet Danica Skadesforsikringsaktieselskab dated 29 Nov 2012Forsikringsselskabet Danica Skadesforsikringsaktieselskab has met the requirements of the FSA
Statement on inspection at Realkredit Danmark A/S (large loans) dated 11 Dec 2012Realkredit Danmark has met the requirements of the FSA

 

Statements and comments, Q3 2012Comments
Statement on inspection of Danske Bank (credit area) dated 28 Sep 2012Danske Bank has met the requirements of the FSA

 

Statements and comments, Q2 2012Comments
Orders concerning money laundering dated 15 June 2012Resolution of 15 June 2012 on Danske Bank's Anti-money Laundering Measures - Follow-up

 

Statements and comments, Q1 2012Comments
Statement on inspection at Danske Bank A/S (agricultural customers) dated 28 Mar 2012No comments
Statement on inspection at Danske Bank A/S (IT inspection) dated 20 Mar 2012No comments

 

Statements and comments, Q4 2011Comments
Statement on inspection of Realkredit Danmark A/S dated 14 Dec 2011No comments
Statement on inspection of Danske Bank in Northern Ireland dated 20 Dec 2011No comments
Statement on inspection of Danske Bank in Estonia and Latvia dated 17 Nov 2011No comments
Statement on inspection of Danske Bank (SME customers) dated 22 Dec 2011Danske Bank has met the requirements of the FSA

 

Statements and comments, Q3 2011Comments
Statement on inspection at Realkredit Danmark A/S dated 9 Sep 2011Danske Bank has met the requirements of the FSA
Statement on inspection of Danske Bank in Ireland dated 28 Sep 2011No comments

 

Statements and comments, Q2 2011Comments
Statement on inspection of Danske Bank A/S (personal customers in Denmark) dated 28 June 2011Danske Bank has met the requirements of the FSA

 

Statements and comments, Q1 2011Comments
Statement on inspection at Realkredit Danmark A/S dated 3 Mar 2011No comments
Statement on inspection of Danske Bank A/S (IRB area) dated 25 Jan 2011Danske Bank has met the requirements of the FSA
Statement on inspection of Danske Bank in Finland dated 21 Jan 2011Danske Bank has met the requirements of the FSA
Statement on inspection of Danske Bank in Luxembourg dated 21 Jan 2011Danske Bank has met the requirements of the FSA

 

Statements and comments, Q3 2010Comments
Statement on inspection of Danske Bank A/S (Market risk area) dated 27 Sep 2010No comments
Statement on inspection of Realkredit Danmark A/S dated 30 Aug 2010No comments
Statement on inspection of Danske Bank in Ireland dated 24 Sep 2010Danske Bank has met the requirements of the FSA

 

Statements and comments, Q2 2010Comments
Report on inspection of Danske Bank Denmark (retail customers) dated 29 June 2010Comments on report on inspection of Danske Bank Denmark (retail customers) dated 29 June 2010
Report on inspection of Danske Bank in Lithuania dated 29 June 2010No comments

 

Further information
Read the Executive Order on the Duty of Financial Companies etc. to Publish the Danish FSA's Assessment of the Company etc.

Danske Bank has met the requirements of the FSA
Danske Bank has met the requirements of the FSA
Danske Bank has met the requirements of the FSA