The Danish Financial Supervisory Authority published its 2026 questionnaire survey of Danish financial firms’ views on current risks, showing that cyber threats and geopolitical conditions are considered the most significant risks to financial stability in Denmark. For the first time, geopolitical factors were rated on par with cyber risk, and firms also assessed cyber incidents and geopolitical events as the most likely to materialise and the most difficult to manage. The release links rising cyber risk to geopolitical tensions, including the use of cyberattacks in international conflicts, and highlights firms’ reported vulnerability from reliance on foreign IT suppliers. Just under half of respondents judged that the risk of a negative shock to the financial system has increased in the short term over the past six months, and slightly more than one in three saw higher risk over the longer term, with none reporting a decline. Despite this, firms generally reported high or very high confidence that the Danish financial system will remain stable over the next three years; 30 firms participated in the survey, conducted in February 2026.
Danish Finanstilsynet 2026-03-27
Danish Financial Supervisory Authority survey finds geopolitics now matches cyber threats as the top stability risk for Danish financial firms
The Danish Financial Supervisory Authority's 2026 survey of Danish financial firms highlights cyber threats and geopolitical conditions as the most significant risks to financial stability, with both rated equally for the first time. Firms noted increased vulnerability due to reliance on foreign IT suppliers and linked rising cyber risk to geopolitical tensions. Despite these concerns, firms expressed high confidence in the stability of the Danish financial system over the next three years.