It is and has been the general view of Danmarks Nationalbank that Denmark's adoption of the euro is a natural extension of our fixed-exchange-rate policy and would not involve major economic upheavals. For Danmarks Nationalbank, Danish participation in the euro would mean joining the Eurosystem, which comprises the central banks of the euro area member states.
To accomplish this, we need to insist on effective attestations on internal controls by external auditors and encourage bankers to improve the quality assurance process and independence of the internal audit function. Finally, supervisors from all regulatory agencies need to continually work together to ensure a consistent, high-quality examination process throughout our banking system. 4  BIS Review 25/2003