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Private Contingency Association

The Private Contingency Association for the Winding-Up and transfer of failing commercial banks, savings banks and cooperative Banks

On 13 June 2007 the Danish Bankers Association established the Private Contingency Association for the winding-up and transfer of failing commercial banks, savings banks and cooperative banks.

The objective of the Private Contingency Association is to help ensure that failing commercial banks, savings banks and cooperative banks can be wound up by another commercial bank, savings bank or cooperative bank taking over the failing bank and continuing its operations as an alternative to the failing bank being taken over by Finansiel Stabilitet A/S or going bankrupt. 
 
Members of the Private Contingency Association are commercial banks, savings banks and cooperative banks as well as branches of foreign credit institutions in Denmark that meet the membership requirements and have joined the Association.
 
 

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Guarantee Fund for Depositors and Investors

 

Contact the secretariat 

The Danish Bankers Association is the secretariat for the Private Contingency Association. 

For more information about the Association, please contact:

Susanne Dolberg
Vice President
Telephone: +45 3370 1061 

Jeanne Blyt
Manager Legal Department
Telephone: +45 3370 1062

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