The Danish Financial Supervisory Authority has announced a reorganization of its supervision of SIFI credit institutions from 1 July, creating four offices that centralize group and governance oversight, mortgage credit and covered bonds, credit risk, and liquidity, market risk and accounting supervision. The change is intended to deepen specialization, strengthen coordination across groups and align supervision with a market structure of fewer, larger credit institutions. The Office for Group and Governance will supervise SIFI groups, SIFI banks and certain larger non-SIFI banks, and will become the main contact point for major groups including Danske Bank, Jyske Bank, Nykredit, Sydbank and Saxo Bank, significant foreign branches such as Nordea Danmark and SEB Danmark, and the non-SIFI institutions Ringkjøbing Landbobank and Sparekassen Danmark. Covered bonds and mortgage credit institutions other than Nykredit Realkredit will move to the Office for Mortgage Credit and Capital, which will also act as the specialist unit for real estate valuation and supervise capital instruments across all credit institutions. The Office for Credit Risk will concentrate SIFI credit risk supervision and IRB models for credit risk, while the Office for Liquidity Risk, Market Risk and Accounting will cover liquidity and market risks for all credit institutions, including banking book interest rate risk, counterparty risk and accounting control. Sparekassen Kronjylland and Lån & Spar Bank will move to the renamed Office for Small and Medium-Sized Banks 1, while KommuneKredit will move to Office for Small and Medium-Sized Banks 2. The authority has also started a review of the practical setup of SIFI supervision, including meeting and examination formats, and will discuss it with institutions. The reorganization does not change supervisory responsibilities for SIFI groups in other risk areas such as anti-money laundering prevention, IT security, investor protection and consumer protection.
Danish Finanstilsynet2026-06-01
Danish Financial Supervisory Authority reorganizes SIFI supervision into four offices from 1 July
The Danish Financial Supervisory Authority will reorganize its supervision of systemically important credit institutions from 1 July, creating four specialized offices for group and governance, mortgage credit and covered bonds, credit risk, and liquidity, market risk and accounting. The reform centralizes SIFI oversight, reallocates institutions to new supervisory offices, and aims to deepen specialization and align supervision with a market structure of fewer, larger credit institutions, without changing responsibilities for anti-money laundering, IT security, investor protection and consumer protection.