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.
For example, debt and mortgage-backed securities issued by the (privatized) GSEs as well as mortgage-backed bonds issued by banks would be eligible for the guarantee. That approach would clearly limit the government's exposure while making the benefits of explicit government support available to the market. Covered bonds.