The debate on the consequences for adjustable-rate loans has died down. On several occasions, Danmarks Nationalbank has expressed its concern about the refinancing risk on these very popular loans. The idea behind the stable financing requirement has indeed been to reduce this type of refinancing risk. Although the proposal has been postponed, this risk is very real in Denmark.
Some banks spread out their auctions over the year, while others have, unfortunately, not come that far with existing loans. Spreading out the auctions is a good principle, but not sufficient to solve the basic problem. A solution needs to be found before 2018. The global financial crisis has evolved differently from country to country.