A move by the Finnish FSA (Finanssivalvonta) to designate Nordea Bank Finland, OP Financial Group, Danske Bank and Municipality Finance as systemically important credit institutions, and therefore impose upon them additional capital requirements, is credit positive for the affected banks, according to Moody’s.

Ane Arnth Jensen, managing director of the Association of Danish Mortgage Banks (Realkreditrådet), spoke to Nordic FIs & Covered about regulatory issues that could impact Denmark’s system.

A committee of the Danish Ministry of Business & Growth has recommended a quantitative approach to identifying systemically important financial institutions (SIFIs) under which six of Denmark’s financial groups would be designated SIFIs, with DLR Kredit additionally qualifying for qualitative reasons.