3  The first year  4  Macroprudential policy in a low interest rate environment  5  The Councils first attempt to limit interest-only mortgages  6  The long way towards a borrower-based measure  7  Activation and build-up of the counter cyclical capital buffer  8  The Faroe Islands and Greenland  9  Systemic cyber risk and resilience  10  Looking backwards and forwards Monday, May 11, 2020 2  The road to establishing a Danish systemic risk council  Monday, May 11, 2020 3  The Council has an advisory role and comprises representatives from 5 authorities Danish Financial Supervisory Authority  Ministry of Business and Growth  Danmarks Nationalbank  Chair  DANISH SYSTEMIC RISK COUNCIL An advisory council in Denmark that works to prevent and reduce systemic financial risks that may put the economic development under stress.
First of all, it is important to keep in mind that the situation in Greece is exceptional in various aspects, and for these reasons the measures taken should not be extrapolated to other member countries. Furthermore, from a central banker’s perspective, it is to be welcomed that the European Council announced its intention to ensure sufficient capitalisation of banks and adequate collateral.