What are the principles behind the Danske Bank Groups risk and capital management?
The Board of Directors sets out the general policies and limits for credit, market and operational risk. The Board also lays down the general rules for managing and monitoring risk. On the basis of the general risk policies, operational risk policies are prepared for the business units. These policies also apply to units outside Denmark and subsidiaries. The operational risk policies form the basis for the written business procedures and for reconciliation and control procedures. They also form the basis for the Group’s system development work. Within the limits set, the managements of the individual business units are responsible for the risks undertaken by the units and for active management of these risks. The Danske Bank Group’s capital management aims to ensure efficient use of capital to meet the Group’s overall capital targets. The Group’s risk profile complies with the capital targets and implies, among other things, that the Group must have sufficient capital to cover both org
