Operational Risk Division

The Division supervises investment companies and investment banks. The Division also supervises the market-risk area for large banks, as well as IT security in the financial sector. In addition, the Division supervises joint data centres.

The Division is also responsible for laying down solvency requirements for market risks and operational risks, as well as authorising and monitoring the use of VaR and AMA models for capital adequacy in banks.

The Division also authorises and supervises clearing undertakings, including authorisation of foreign clearing undertakings.

The Division also participates in international work and services the Minister in the above areas. The Division participates in various EU groups concerning the MiFID, OTC Clearing, Legal certainty and Post-trading. Furthermore, the Division takes part in Nordic meetings concerning IT security and the securities area, in addition to international meetings in the IOSCO, etc.

 

Expertise centre for market risks, etc.

The Division is responsible for:

• Market risks
• Management and control
• Financial infrastructure
• IT security. 

 

Director Stig Nielsen