National Bank of Denmark
Denmark eases pressure on banks but stays tough on krone peg
National Bank of Denmark raises limits on current account deposits to ease pressure on banks after forex interventions, but stresses speculators will lose if they continue to attack the krone peg
Danish central bank prepared to cut rates further in defence of peg
‘We haven’t yet found any absolute lower bound' for the deposit rate, Danish governor tells Central Banking, but acknowledges potential for strain on payments system
Denmark cuts deposit rate for fourth time in three weeks
Governor Lars Rohde says central bank will defend peg to euro ‘for as long as it takes', adding there is ‘no upper limit' to FX reserves as key rate is cut to -0.75%
Denmark suspends bond sales to stem FX inflows
The move, intended to lower longer-term yields and thereby discourage upwards pressure on the krone, ‘effectively works as QE' says analyst
Denmark cuts rate for third time in 11 days
Danish central bank cuts its deposit rate for the third time since the Swiss National Bank decided to abandon its exchange rate commitment; rate now sits at -0.5%
Danish central bank cuts rates for second time this week
National Bank of Denmark lowers deposit rate for second time in four days following ECB action; central bank will defend euro peg ‘vehemently', says analyst
National Bank of Denmark heads deeper into negative territory
Unscheduled cut pushes deposit rate further below zero and leaves lending rate barely in the positive as krone comes under pressure ahead of expected ECB action
Rohde mulls higher capital requirements if Denmark stays out of bank union
Danish governor wants country to join the European banking union in 2015; banks have lower capital buffers than counterparts in other non-member countries
National Bank of Denmark to outsource production of banknotes and coins
The National Bank of Denmark will outsource all of its printing and minting services to an external supplier in 2016, with an estimated saving of $17 million by 2020
Lars Rhode ‘firmly convinced’ by merits of banking union
The National Bank of Denmark wants to join the banking union, while the government is still assessing the consequences; Danske Bank chief economist supports wait-and-see approach
National Bank of Denmark narrows range of collateral it accepts
Financial market ‘normalisation' provides ‘opportunity' to omit assets made eligible after crisis to keep Danish banks from borrowing in euros
Danish faster payments system sees limited uptake
Danish central bank annual report on payments systems finds disappointing uptake of an offer to settle customer payments faster; says CPSS/Iosco compliance should be ensured
Danish central bank ends negative rates experiment
National Bank of Denmark moves deposit rate into positive territory for first time in two years; Reserve Bank of New Zealand delivers second successive rate hike
Danish governor repeats call to join banking union
National Bank of Denmark governor Lars Rohde insists it would be in the ‘best interests’ of the country to join the banking union; predicts ‘substantial impact’ one way or the other
People: Central Bank of Ireland gets new top supervisor; MAS reshuffles management team
Sharon Donnery new director of credit institutions at Central Bank of Ireland; MAS's Foo-Yap Siew Hong retires after 39 years; and more
People: New deputy for Norges Bank; deputies depart in India and Kyrgyzstan
Jon Nicolaisen will start a six-year term as deputy governor of Norges Bank on April 1; RBI's Chakrabarty steps aside early; and more
Danish paper examines effects of household leverage
Over-leveraged households saw the biggest hit to their consumption when the 2008 financial crisis struck, but the relationship broke down as the crisis continued, working paper finds
Danish central bank likens Bitcoins to 'glass beads'
National Bank of Denmark issues note highlighting the differences between Bitcoins and fiat currencies; stresses that virtual currencies have no inherent value
National Bank of Denmark winds up emergency lending measures
Six-month loans against a broad range of collateral introduced during the financial crisis will be terminated next year as normality returns to financial sector, central bank says
Danish authorities tackle mortgage bond refi risk
Lars Rohde hails a new bill forged by the central bank and the government as the solution to the ‘excessive refinancing risk’ in Denmark’s mortgage bond market
Danish central bank to cut workforce by 10%
National Bank of Denmark to lay off 55 employees as it adjusts to post-crisis environment and introduces new IT system that makes some jobs obsolete
Scandinavians open macro-pru toolbox to cool overheated housing markets
Rising property prices, increasing household debt and towering banking sectors are pushing Norway, Sweden, and Denmark to consider unconventional measures to pre-empt a crash
Danish central bank calls for better liquidity management in payments markets
National Bank of Denmark urges market participants to reserve ‘adequate liquidity’ for payments settlement; breaks down ongoing modernisation of financial market infrastructure
Denmark's Rohde unconvinced of need for bank activity separation
Common rules on recovery and resolution, and higher capital requirements are what the European banking sector needs for greater stability, says National Bank of Denmark governor