Regulatory Alerts2021-12-14
Order on the Calculation of Indicators and Factors for Designating Systemically Important Financial Institutions
The Danish Financial Supervisory Authority issues this order to establish the methodology for calculating indicators that determine which financial institutions are designated as Systemically Important Financial Institutions (SIFIs). The regulation defines specific metrics, such as total assets, national payment transaction values, and cross-jurisdictional liabilities, and mandates that these be calculated at the group or solo level depending on the institution's reporting status. It further requires SIFIs to publish institution-specific indicator summaries within three business days of receipt and imposes penalties for non-compliance with these disclosure obligations.
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