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2026-06-01

Finanstilsynet changes the organization of supervision over credit institutions

Finanstilsynet (the Danish Financial Supervisory Authority) is reorganizing its credit institution supervision effective 1 July to increase specialization, strengthen cross-group coordination, and align with market consolidation. The restructuring consolidates supervisory duties into four new offices—Groups and Governance, Mortgage Credit and Capital, Credit Risk, and Liquidity Risk, Market Risk and Accounting—while transferring specific institutions between units. These changes deepen credit risk oversight for the largest banks and integrate liquidity and market risk supervision, accompanied by a parallel evaluation of SIFI supervisory practices that leaves other risk areas like AML and IT security unchanged.

Denmark

Finanstilsynet Denmark

Press Release 01-06-2026 From 1 July, Finanstilsynet is changing its organizational structure for supervising SIFI credit institutions to increase specialization, strengthen cross-group supervisory coordination, and align with the recent trend toward fewer, larger credit institutions. Responsibility for supervising SIFI groups, SIFI credit institutions, and certain larger non-SIFI credit institutions will be consolidated into a single office, the Office for Groups and Governance. The office will also be responsible for the governance area for credit institutions. The office will serve as the central contact point for the SIFI groups Danske Bank A/S, Jyske Bank A/S, Nykredit Realkredit A/S, AL Sydbank A/S, Saxo Bank A/S, the significant foreign branches including Nordea Denmark and SEB Denmark, and the non-SIFI institutions Ringkjøbing Landbobank A/S and Sparekassen Danmark.

Responsibility for supervising covered bonds and mortgage credit institutions, excluding Nykredit Realkredit A/S, will be consolidated into the Office for Mortgage Credit and Capital. The office also serves as the expertise center for real estate valuation and supervises capital instruments for all credit institutions. The office will serve as the central contact point for Danmarks Skibskredit A/S and mortgage credit institutions, except Nykredit Realkredit A/S.

Responsibility for supervising credit risk in SIFI institutions and IRB models (models for credit risk) will be consolidated into the Office for Credit Risk, which will ensure continued highly specialized supervision of credit risk across the largest credit institutions.

Responsibility for supervising liquidity and market risks, including interest rate risk in the banking book and counterparty risks, for all credit institutions will be consolidated into the Office for Liquidity Risk, Market Risk and Accounting. The office is also responsible for the accounting area, including accounting oversight of credit and capital market companies.

The four new offices thus collectively continue all tasks from the former offices for Large Banks, Medium-sized Banks and Governance, Mortgage Credit Institutions and International Market Contact, Liquidity, Capital and Accounting. However, supervision of Sparekassen Kronjylland and Lån & Spar Bank A/S will be transferred from the former office for Medium-sized Banks and Governance to the former office for Smaller Banks, which will be renamed the Office for Smaller and Medium-sized Credit Institutions 1. At the same time, responsibility for KommuneKredit will be transferred from the former office for Mortgage Credit Institutions to the Special Banks office, which will be renamed the Office for Smaller and Medium-sized Credit Institutions 2.

The changes entail a specialization of credit risk supervision across the largest credit institutions. This follows market developments and the specialization of supervision over other risk areas that has occurred over several years. The changes will also ensure even stronger cross-coordination of Finanstilsynet's supervision of different risk areas within SIFI groups. Finally, the changes consolidate the closely related supervision of liquidity and market risks.

Finanstilsynet has simultaneously initiated an evaluation of the practical organization of SIFI supervision, including meeting formats and inspection formats. Finanstilsynet will engage in dialogue with the institutions regarding the evaluation. The aim is to assess how Finanstilsynet can best supervise SIFI institutions within the strengthened framework resulting from the reorganization.

Finanstilsynet's new organizational structure for SIFI supervision does not change the supervisory responsibility organization for SIFI groups in other risk areas, including anti-money laundering, IT security, investor protection, consumer protection, etc.

Contact

Morten Holm Steinvig Press Contact

Email: mhs@ftnet.dk

Tel: +45 33 55 83 36 (Monday-Friday 09:00 - 16:00)

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