Danish Central Bank Supports Proposed Model for Designation of SIFIs
The Central Bank of Denmark (Danmarks Nationalbank) published a response to the consultation on the draft bill of the Danish Financial Supervisory Authority (DFSA) on amending several laws, including the Financial Business Act, the Investment Associations Act, and the Act on Managers of Alternative Investment Funds. The draft bill proposed, among others, a new model for the designation of systemically important financial institutions, based on a model recommended by the European Banking Authority. The central bank supports the implementation of this new model for the designation of systemically important financial institutions.
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