Danish Mortgage Lender Seeks Sifi Stamp to Seal Industry Brand
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Denmark’s fifth-largest mortgage lender, with a market share of about 5 percent, wants to be named too big to fail as the industry seeks a single rule book to avoid any contagion effect if a bank collapses.
DLR Kredit A/S wasn’t included among the six banks and mortgage lenders identified as systemically important financial institutions by a government-appointed committee last month. The Copenhagen-based lender is now seeking Sifi designation, including the tougher capital requirements and oversight that will entail, according to Jens Moeller, DLR’s managing director.