Mortgage bonds, also bonds issued by the mortgage banks themselves, are now part of Danmarks Nationalbank’s collateral basis, i.e. they may be pledged to Danmarks Nationalbank as collateral. This option will limit the impact of a scenario in which bonds are difficult to sell. So the response to S&P and others is that this is not an immediate threat to financial stability in Denmark.
I also congratulate the recipients of the Awards for Outstanding Contribution to Financial Inclusion, being given today and hope that not only do they continue with their good work, but they also succeed in encouraging others to rededicate themselves to the goal of making our society a truly inclusive one. Thank you. 8  BIS central bankers’ speeches