One of the observations that regulators made this past year was that at some banks that had breaks in internal controls, the process of reporting on internal controls had become a "paper pushing" exercise rather than a robust part of the corporate governance process.
Since the beginning of the 1990s Denmark has seen stable growth with declining inflation, lower interest rates and the accumulation of solid surpluses on both public finances and the balance of payments, as well as gradual expansion of pension savings. In recent years Denmark has seen strong growth in real wages, and at the same time Danish companies have successfully carried out rationalisation measures.