Denmark
Fed expands network of swaps to emerging markets
Emerging markets will now have direct access to a dollar backstop, but it is still limited
Denmark renews contract with Mint of Finland
Mint will continue to produce Danish coins until 2025
Do low rates spur investment?
Many believe low interest rates spur investment, but there appears to be little hard evidence to support such claims, writes former IMF head Jacques de Larosière
Cash usage falling rapidly in Denmark
Share of the population not carrying cash doubled from 2017 to 2019
Book notes: Economics for the common good, by Jean Tirole
The book should be well received amid the recent rise in populism
Denmark cuts main rate, mirroring ECB’s move
Scandinavian central bank has pegged the krone to the euro since the single currency’s launch
Central Banking’s ‘Leaders’ for custody, banking and gold
Central banks want integrated custody platforms and real-time data from custodians as the low-yield environment drives demand for banking services and increases the relative attractiveness of gold
Baltic and Nordic regulators form anti-money laundering group
Move follows wave of scandals over handling of alleged money laundering
Denmark’s RTGS proves resilient to liquidity stress test
Kronos responds to IT failure, lack of access to money markets and reduced intraday credit
Denmark joins central banks’ green finance network
Network for Greening the Financial System is working to tackle climate change
Denmark set to continue growing despite risks – central bank
The Scandinavian economy is prepared to withstand external shocks, says analysis
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
Danish mobile phone use cuts cost of P2P payments
Widespread adoption of technology fosters more efficient operations
Estonian and Danish authorities trade accusations as further AML scandal breaks
Swedish, Estonian and Lithuanian authorities announce joint investigation into Swedish bank
EBA probes alleged AML failings by Danish and Estonian authorities
Estonia and Denmark criticise each other’s ‘failings’ over supervision of scandal-hit bank
Nordic-Baltic crisis simulation seeks to reinforce collective response
Nordic-Baltic Stability Group carried out first region-wide crisis scenario in January
Danish krone rate has limited impact on current account – research
Household savings have a far larger effect, central bank says
Denmark intervenes to maintain euro peg
A rate hike is “very likely” if intervention continues, analyst says
Staff cuts made at majority of central banks since 2013
But staff numbers grow at several banks, including ECB and Bank of England
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
Denmark adopts cyber resilience programme
European Central Bank developed the test, which sets a new standard in the financial sector
Cyber resilience hinges on collaboration, Nordic central bankers say
A decline in cash usage means Nordic economies cannot rely on it as a backstop when systems fail; preventative measures must be cost effective, says Norwegian deputy
Smaller banks struggle in Danish stress tests
Non-systemic lenders fall short by almost $100 million; even with intervention creditors could suffer losses, central bank says
The EU tries to rethink its faltering AML regime
The European Union plans to centralise its anti-money laundering efforts following a series of scandals this year. Dan Hardie looks at the options available and the multitude of challenges that remain