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Vulnerabilities and Risks in Denmark’s Nonbank Financial Institutions: Denmark
Author:
Burcu Hacibedel
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and
Mariusz Jarmuzek
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2024: Issue 044
Language:
English
Publication Date:
24 Dec 2024
DOI:
https://doi.org/10.5089/9798400296628.018
ISBN:
9798400296628
ISSN:
2958-7875
Pages:
21
Keywords:
Denmark; balance sheet analysis; non-bank financial institutions; systemic risk assessment; NBFI sector; Denmark's nonbank financial institutions; D. mitigating factor; covered bond bond market; asset liability management risk; Nonbank financial institutions; Covered bonds; Mutual funds; Systemic risk; Global
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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Denmark’s nonbank financial institutions (NBFI) sector has substantially increased in size since the Global Financial Crisis (GFC), becoming an important part of the financial system. Systemic risk associated with NBFIs have been contained but warrants close monitoring, especially regarding leverage, liquidity buffers, and interconnectedness. There are important mitigating factors that reduce systemic risk stemming from NBFIs in Denmark. Strengthening of systemic risk assessment and policy framework for NBFIs is warranted and could include developing a systemic risk assessment framework covering both banks and NBFIs and an ensuing system-wide stress testing framework.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund