Denmark

CITA Designated as Significant Benchmark

The Danish Financial Supervisory Authority (DFSA) has designated the CITA benchmark as significant under Article 24(7) of the EU Benchmarks Regulation. This designation means CITA remains subject to the regulation and supervision by the DFSA, impacting its administration and use in financial markets.

CIBOR Notified as Significant Benchmark Under EU Benchmarks Regulation

The Danish Financial Supervisory Authority announced that CIBOR has been notified as a significant benchmark under the EU Benchmarks Regulation due to its use in financial instruments exceeding EUR 50 billion. This notification confirms CIBOR's continued subject to the regulation and supervision by the Danish authority following recent amendments to the BMR.

DFSA Fee Collection Rules for Financial Companies

The Danish Financial Supervisory Authority (DFSA) is implementing new fee collection rules effective from 2025. These changes will affect securities broker holding companies, financial advisers, mortgage credit intermediaries, insurance intermediaries, investment advisers, and companies advising consumers on financial products. The rules clarify legal references and extend fee obligations to new entities.

Danish Banks Meet Capital Requirements in EU Stress Test

The Danish Financial Supervisory Authority announced the results of the EU-wide stress test for Danish banks. While capital ratios were significantly depleted, the participating institutions, including Danske Bank, Nykredit, and Jyske Bank, generally met capital requirements under an adverse scenario, showing improvement from previous tests.

Denmark DFSA Official Nominated for EU AMLA Management Role

The Danish Financial Supervisory Authority announced that Rikke-Louise Ørum Petersen has been nominated for a top management role in the EU's new Anti-Money Laundering Authority (AMLA). The Council of Ministers is expected to make a final decision on May 22, 2025. This nomination signifies a significant development in the EU's efforts to strengthen anti-money laundering and counter-terrorist financing efforts.