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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, Q4 2024 
Statement on inspection at Realkredit DanmarkComment on the Danish Financial Supervisory Authority’s statement on its inspection at Realkredit Danmark
  
 Statements and comments, Q3 2024 
Statement on functional inspection of Danske Bank’s quality-improving servicesComment on functional inspection of Danske Bank’s quality-improving services
Statement on inspection at Danske Bank A/S (AML)No comments
Statement on functional inspection regarding Danske Bank’s management of interest rate risk in the banking bookComments on the Danish Financial Supervisory Authority’s statement on Danske Bank’s management of interest rate risk in the banking book
  
 Statements and comments, Q2 2024 
Statement on cyber stress testing of Danske Bank
No comments
Statement on themed inspection at Danica Pension
Danica Pension will meet the requirements of the FSA
Statement on liquidity inspection at Danske Bank No comments
Statement on inspection of Danske Bank Sweden’s impairment charges against exposures to business and personal customers No comments
Statement on reprimand to Danske Bank AS – review of remunerationComment on statement on review of remuneration policy and remuneration practice
  
 Statements and comments, Q1 2024 
 Statement on inspection of management of data qualityStatement regarding orders on data management quality
 Statement on inspection at Realkredit DanmarkComment on the DFSAs statement on inspection at Realkredit Danmark
Statements and comments, Q3 2023 
 Comment regarding inspection of Danske Bank about credit worthiness
Statement on inspection at Danske Bank AS in relation to the use of internal models in the market and counterparty credit risk areas No comments
Statement on themed inspection of the alternative standardised approach (ASA) for market risk dated 15 September 2023 No comments
 Statement on inspection at Danica Pension No comments
  
Statements and comments, Q2 2023 
Statement on inspection of Danske Bank's approvals of business loans No comments
  
 Statements and comments, Q1 2023 
Statement on inspection of danske banks non-performing exposures
Comment on regarding inspection of danske banks non-performing exposures
 Comment on dropped preliminary charges
DFSA statement on information about cost and chargesComment on the DFSA statement regarding cost and charges
  
 Statements and comments, Q4 2022 
Statement on inspection at Realkredit DanmarkRealkredit Danmark will meet the requirements of the FSA
Statement on inspection at Danske Bank (interest rate risk outside the trading book)No comments
Statement on inspection of Danske Bank (home loans for owner-occupied and holiday homes)Comment on the DFSA’s statement on inspection of Danske Bank (home loans for owner-occupied and holiday homes)
Statement on review of Danske Banks handling of EU sanctions against Russia and Belarus  Comment on DFSAs statement on handling of EU sanctions against Russia and Belarus
Statement on inspection at Danske Bank regarding money laundering and terrorism financing dated 17 October 2022Comment on DFSAs statement on money laundering and terrorism financing
  
 Statements and comments, Q3 2022 
Statement on inspection of Danske Banks management of operational riskComment on the Danish FSAs statement on Danske Banks management of operational risk
  
 Statements and comments, Q2 2022 
Statement on discontinuation of the use of the NemID code card  Danske Bank will meet the requirements of the FSA
Statement on themed inspection at Danske Bank (counterparty credit risk management) dated 8 May No comments
Orders for the registration of correct outstanding debt dated 25 April 2022Comment on the DFSAs orders related to Danske Bank debt collection systems
Statement on inspection of Danske Bank Norway’s impairment charges dated 19 April 2022 No comments
  
 Statements and comments, Q1 2022 
Comment on DFSAs decision to extend the appointment of the independent expert dated 25 March 2022 Danske Bank will meet the requirement of the FSA
Statement on inspection at Realkredit Danmark A/S dated 22 February 2022 
Realkredit Danmark A/S will meet the requirements of the FSA
Statement on AML inspection at Danske Bank AS - transaction monitoring dated 11 January 2022Comment on DFSA’s statement on transaction monitoring 
  
 Statements and comments, Q4 2021 
Order for extension and broadening of the impartial investigation of Danske Banks debt collection process dated 3 December 2021Comment on the DFSAs order to extend and broaden the impartial investigation of Danske Banks debt collection
Statement on AML inspection at Danske Bank A/S - sanctions screening 16 November 2021 Comment on DFSA’s statement regarding sanctions screening
 Statements and comments, Q3 2021 
Statement on inspection of impairment charges made by Danske Bank Northern Ireland (Northern Bank) in the light of COVID-19 23 September 2021No comments
Comment on DFSA's decision to extend the appointment of the independent expert dated 24 august 2021Danske Bank will meet the requirements of the FSA
 Statements and comments, Q2 2021 
Statement on inspection of Danica Pension Livsforsikringsaktieselskab’s risk assessment in the anti-money laundering (AML) areaDanica Pension will meet the requirement of the FSA
Statement on Inspection at Realkredit Danmark A/S dated 6 July 2021Realkredit Danmark has taken note of the FSA's statements
Statement on order issued to Danske Bank A/S in respect of product approval processes and product governance arrangements published 7 July 2021 Danske Bank will meet the requirements of the FSA
Statement on inspection of Danske Bank Sweden (impairment charges in the light of COVID-19) of 31 May 2021No comments
Statement on order issued to Danske Bank AS in respect of the interim report for the first half of 2020Danske Bank will meet the requirements of the FSA
Statement on inspection of Danske Bank (impairment charges in the light of COVID 19) of 13 April 2021Danske Bank will meet the requirements of the FSA
  
Statements and comments, Q1 2021
Comments
Statement on AML inspection at Danske Bank AS CSD Unit in Vilnius, Lithuania 15 March 2021
 No comments
Order to let experts follow Danske Bank dated 19 February 2021Comment on order to let experts follow Danske Bank dated 19 February 2021

 

Statements and comments, Q4 2020
Comments
Statement on two AML inspections at Danske Bank A/S 30 Nov 2020Danske Bank will meet the requirements of the FSA
Order for an impartial investigation of Danske Bank of 26 Nov 2020 Danske Bank will meet the requirement of the FSA

Statement on inspection at Danske Bank (cover pools (covered bonds registers)) dated 27 Oct 2020 Danske Bank will meet the requirements of the FSA

Statement on orders issued to Danske Bank in the market and counterparty credit risk areas dated 26 Oct 2020Danske Bank will meet the requirements of the FSA

 

Statements and comments, Q3 2020
Comments
Orders for errors in debt collection systems of 21 September 2020 Danske Bank will meet the requirements of the FSA
Danske Bank's compliance with four orders of 20 October 2020
Press release September 11 2020
Request for an account for Danske Banks debt collection system
Press release September 10 2020
Request for an account for Danske Banks debt collection system 31 August 2020Request for an account for Danske Banks debt collection system
Statement on a themed inspection at Danske Bank of 15 July 2020Danske Bank will meet the requirements of the FSA

 

Statements and comments, Q2 2020
Comments
Statement on inspection at Danske Bank (approvals of rental property and property project loans in Denmark) of 9 June 2020Danske Bank will meet the requirement of the FSA
Statement on inspection at Danske Bank (impairment charges for weak business customers) of 8 June 2020Danske Bank will meet the requirements of the FSA
Reprimand to Danske Bank A/S for inadequacies in the publication of quotes in respect of bonds of 27 May 2020No comments
Statement on inspection at Realkredit Danmark A/S 12 May 2020Realkredit Danmark will meet the requirements of the FSA

 

Statements and comments, Q1 2020
Comments
Statement on inspection at Danica Pension, Livsforsikringsaktieselskab dated 19 Mar 2020Danica Pension will meet the requirements of the FSA
Statement on order issued to Danica Pension, Livsforsikringsaktieselskab to calculate solvency provisions dated 24 Jan 2020Danica Pension will meet the requirement of the FSA

 

Statements and comments, Q4 2019
Comments
Statement on liquidity inspection at Danske Bank A/S dated 16 Dec 2019Danske Bank will meet the requirements of the FSA
Statement on the market monitoring function at Danske Bank A/S dated 6 Dec 2019Danske Bank will meet the requirements of the FSA
Statement on IT inspection at Danske Bank dated 20 Nov 2019Comment on statement on IT inspection at Danske Bank dated 20 Nov 2019

 

Statements and comments, Q3 2019
Comments
Statement on inspection at Danske Bank A/S (approvals of Finnish business loans) dated 23 Sep 2019Danske Bank will meet the requirement of the FSA
Reprimand for violation of the rules on insider lists dated 2 Sep 2019No comments
Inspection at Realkredit Danmark A/S dated 4 July 2019Realkredit Danmark will meet the requirements of the FSA

 

Statements and comments, Q2 2019
Comments
Statement on inspection of own funds (total capital) of Danske Bank dated 17 June 2019No comments
Statement of inspection of own funds (total capital) of Realkredit Danmark A/S dated 17 June 2019No comments
Orders for violation of section 48a(1), cf. section 53b(1) and (5), of the Danish Financial Business Act dated 21 May 2019Danske Bank will meet the requirements of the FSA

 

Statements and comments, Q1 2019
Comments
Statement on inspection at Danica Pension A/S (investments in infrastructure) dated 22 Jan 2019Danica Pension will meet the requirements of the FSA

 

Statements and comments, Q4 2018
Comments
Statement on inspection of Danske Bank A/S (loans for business acquisitions) dated 20 Nov 2018Danske Bank will meet the requirement of the FSA
Danske Bank’s follow-up on the Danish Financial Supervisory Authority’s decision in the Estonia case of 3 May 2018 Company announcement No. 59/2018

 

Statements and comments, Q3 2018
Comments
Statement on inspection of Danske Bank A/S's liquidity stress tests dated 20 Sep 2018Danske Bank has taken note of the FSA's statement
Statement on inspection of Danske Bank A/S (loans for purchases of owner-occupied homes in growth regions) dated 31 Aug 2018Danske Bank will meet the requirement of the FSA
Statement on inspection at Danske Bank A/S (Norwegian business loans) dated 23 Aug 2018Danske Bank will meet the requirement of the FSA
Statement on inspection at Realkredit Danmark A/S (market risk and liquidity policy)
Realkredit Danmark will meet the requirements of the FSA

 

Statements and comments, Q2 2018
Comments
Statement on themed inspection of Danske Bank A/S (new loans for cooperative dwellings etc. in growth regions) dated 15 June 2018
Danske Bank will meet the requirement of the FSA
FSA decision re Danske Bank 3 May 2018 Company announcement No. 31/2018
Reprimands for inadequacies in relation to investment advice and suitability tests in Danske Bank's digital investment solution, June dated 23 Apr 2018
Danske Bank has taken note of the FSA's decision

 

Statements and comments, Q1 2018
Comments
Setting the minimum requirement for own funds and eligible liabilities pursuant to section 266 of the Danish Financial Business Act dated 23 Mar 2018
No comments
Statement on follow-up inspection at Danske Bank A/S (AML) dated 6 Mar 2018No comments
Statement on inspection at Danske Bank A/S (Swedish property loans) dated 13 Feb 2018Danske Bank has taken note of the FSA's statement

 

Statements and comments, Q4 2017
Comments
Statement on inspection at Realkredit Danmark A/S dated 20 Nov 2017No comments
Statement on inspection of Danske Bank (independent controls in the credit area) dated 9 Oct 2017No comments

 

Statements and comments, Q3 2017Comments
Statement on inspection of Danica Pension Livsforsikringsaktieselskab (lending and property development financing) dated 14 Sep 2017Danica Pension will meet the requirements of the FSA
Statement on themed inspection of Danske Bank A/S (Loan approvals for business customers) dated 8 Sep 2017No comments
Reprimand for violation of section 78 of the Danish Financial Business Act dated 14 Aug 2017Realkredit Danmark will meet the requirements of the FSA 
Statement on themed inspection in the market risk area at Danske Bank A/S (settlement of derivates trades) dated July 2017Danske Bank will meet the requirement of the FSA

 

Statements and comments, Q2 2017Comments
Statement on inspection of Danske Bank A/S (lending to personal customers in Denmark) of 31 May 2017No comments

 

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 2016Realkredit Danmark 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 2015Realkredit Danmark 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 2014Realkredit Danmark 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 2013Realkredit Danmark 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 2011Realkredit Danmark 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