Danish FSA announced that the funding ratio benchmark will be deleted from the DFSA supervisory requirements for banks because the purpose of this benchmark will, in future, be covered by the net stable funding ratio (NSFR) requirement. The EU NSFR statutory requirement will enter into force for the Danish credit institutions on June 28, 2021 and the funding ratio benchmark will remain a valid requirement until then.
To ensure a smooth transition, where there is an opportunity for adequate supervision of the institutions' stable funding throughout the period, the funding ratio benchmark will apply until the end of the second quarter of 2021. Institutions will be only required to report NSFR on August 11, 2021. The institutions in the Faroe Islands and Greenland are not subject to the NSFR requirement and, therefore, the funding ratio benchmark for these institutions has been maintained. When NSFR enters into force in the Faroe Islands and Greenland, the funding ratio benchmark will similarly be deleted for the Faroese and Greenlandic institutions.
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Keywords: Europe, Denmark, Banking, NSFR, Basel, Funding Ratio Benchmark, Liquidity Risk, DFSA
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