The Council comprises two representatives from Danmarks Nationalbank (the chair of the Board of Governors of Danmarks Nationalbank being the chair of the Council), two representatives from the Danish Financial Supervisory Authority, one representative from each of the economic ministries 5 and three independent experts with knowledge of financial affairs. Danmarks Nationalbank provides secretariat services to the Council.
The Danish Financial Supervisory Authority and the economic ministries participate in the secretariat. The secretariat prepares all material for the Council's meetings. According to the Financial Business Act, the Council's mandate is rather broad within the financial area. Thus, the Council can address systemic risks in areas which are only subject to limited regulation or no regulation at all.