However, winds of change seem to be sweeping across the political landscape. Has the Danish Financial Supervisory Authority now been given too much power, and have the requirements imposed on mortgage banks become too tight? It is as if the financial crisis has already been forgotten. But I would be surprised if our collective political memory is that short.
The institution has to be accountable to the Parliament and the Senate, and work in conformity with the Federal Government’s goals, as the central bank, among other functions, also serves as an advisor to the Government. Second, SBP needs to examine where there is further need for internal strengthening.