Danish FSA Delays ESEF Implementation, Identifies Key Domestic Risks
In light of the one-year postponement of the implementation of the European Single Electronic Format (ESEF) rules in EU, the government has made it optional for issuers to publish the annual reports for 2020 in accordance with the ESEF rules. The new application date of January 01, 2022 will be implemented with a forthcoming proposal to amend the Capital Markets Act. In a separate development, the Danish FSA survey of risk managers in 29 of the largest financial companies in Denmark revealed that cyber risk, stability of real estate market, and consequences of COVID-19 pandemic are the key concerns in focus at these institutions.
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Keywords: Europe, Denmark, Banking, Securities, COVID-19, ESEF Regulation, Cyber Risk, Credit Risk, RRE, CRE, Danish FSA
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