The Danish Financial Supervisory Authority has published its semi-annual risk outlook, finding that geopolitical tensions remain elevated and setting out three risk scenarios financial firms should factor into their planning: a breakdown of critical infrastructure, a financial market crisis, and a recession. The outlook also outlines targeted supervisory activities planned for 2026 to support resilience and appropriate conduct across the sector. While there is more clarity on US trade policy, the authority points to continued high geopolitical risks and an ongoing threat of disruption to critical infrastructure, including from cyberattacks, and notes closer monitoring of the Copenhagen housing market and the commercial real estate market. Planned 2026 priorities include stepping up cyber security and IT supervision under new EU rules, tighter follow-up on household and business lending with particular attention to the housing market, a focus in the pensions sector on unguaranteed and sustainable products, intensified supervision of alternative investment funds and crypto-assets, and strengthened efforts against trade-based money laundering.
Danish Finanstilsynet 2025-12-17
Danish Financial Supervisory Authority publishes risk outlook highlighting geopolitical risks and 2026 supervisory priorities
The Danish Financial Supervisory Authority's semi-annual risk outlook highlights elevated geopolitical tensions and outlines three risk scenarios: infrastructure breakdown, financial market crisis, and recession. Planned supervisory activities for 2026 include enhanced cyber security and IT supervision, tighter lending oversight, focus on sustainable pension products, intensified supervision of alternative investment funds and crypto-assets, and strengthened anti-money laundering.