The Danish mortgage credit system is based on our special statutory requirements. Furthermore, it relies heavily on a well-functioning land registration system and a creditorfriendly system of enforced sales. We have seen that the Danish mortgage credit model does not always fit into the framework of new international financial regulation.
In recent years, we have also seen a clear tendency for mortgage banks to resemble other banks more and more. Our expectations must be realistic. And we must face the fact that there are limits to the number of special arrangements that the Danish mortgage credit sector can obtain when new international regulation is introduced.