So I can set your minds at ease: Danmarks Nationalbank has no plans to compete directly with the banks. As you know, Danmarks Nationalbank's objectives are to contribute to ensuring financial stability, stable prices and safe payments. *** I will now turn to the issue of how to resolve large banks and mortgage banks in a crisis situation.
A precondition for preparing credible resolution plans for the largest Danish financial institutions – the SIFIs – is that a group can be resolved as a single corporation. The resolution authorities should apply a single point of entry resolution strategy aimed at recapitalising and continuing the whole group. This is because the SIFIs are deeply integrated, both commercially and operationally.