For most families, even considerable worsening of their finances would lead to only a small increase in the probability of falling behind with mortgage payments. The Danish economy has stabilised. That is also true of the financial sector. For the first time since the collapse of Roskilde Bank in the early summer of 2008, the summer has been quiet – and even sunny.
But there are, nevertheless, a couple of financial summer stories to tell. 2  BIS central bankers’ speeches  The first one is about F1 loans, i.e. mortgage loans with annual refinancing. The current debate was triggered by a word of warning from S&P. But the debate on the robustness of the construction behind the F1 loans is much older.