Banking Division 3

Division for Supervision of Smaller Banks

This Division supervises smaller banks and savings undertakings (groups 3, 4 and 6). This is done by regular monitoring of reports, processing applications, queries etc., and through on-site inspections supervising the management of the bank as well as the most important risks, including credit, market and liquidity risks. In addition, the Division supervises the Guarantee Fund for Depositors and Investors. Amongst other things, this is done through approval of the Fund’s Articles of Association.

In addition to supervisory activities, the Division is responsible for the Guarantee Fund for Depositors and Investors Act with an accompanying Executive Order, as well as certain regulations in the Financial Business Act, including the regulation of pooled pensions.

At international level, the Division participates in meetings on crisis management for banks. 

 

Expertise centre for banking law and crisis management

The Division is an expertise centre for banking law and crisis management and is responsible for:

• Authorisation of banks
• Mergers and amalgamations of banks
• Cessation of banks
• Depositor’s guarantee scheme
• Crisis management of banks.

Director Karen Dortea Abelskov