The Danish Financial Supervisory Authority has published a report on its review of how five banks comply with product approval procedures for consumer savings products, finding that while procedures are generally established, several institutions do not identify a negative target market as required. The review, launched in December 2024, highlights a set of focus areas that banks should address when offering savings products to consumers.
Danish Finanstilsynet 2025-06-20
Danish Financial Supervisory Authority review finds banks often fail to define a negative target market for consumer savings products
The Danish Financial Supervisory Authority released a report on its review of five banks' compliance with product approval procedures for consumer savings products. The report found that while procedures are generally established, several banks fail to identify a negative target market as required. The review, initiated in December 2024, outlines focus areas for banks to address in offering savings products to consumers.