The EU's new capital requirements for banks are to apply in Greenland
Official title (in Danish): Lov om ændring af lov for Grønland om kapitalkrav og tilsynsmæssige krav for kreditinstitutter og investeringsselskaber (Gennemførelse for Grønland af ændringsforordning til forordning (EU) nr. 575/2013 om tilsynsmæssige krav til kreditinstitutter og investeringsselskaber)
In short
Reading time: 1 min- What changes:
- The act brings EU regulation 2024/1623 on capital requirements for credit institutions into force for Greenland.
- The regulation is inserted as annex 5 to the Greenlandic capital requirements act.
- Who: The rules apply to credit institutions in Greenland. The area is a Danish area of responsibility under Danish authorities.
- When: The Act entered into force on 31 December 2025.
Written by AI from verbatim quotes from the source and checked by code and AI. Dates, tables and the fact box are calculated by fixed rules. Unofficial translation. Always read the original.
Sources and original
Read the official text (in Danish) →
The case at the Danish Parliament (ft.dk)
Source: Retsinformation.dk
Translated from Danish · The Danish version and the original source apply.
Summary by the Danish Parliament (in Danish)
Lovforslaget er fremsat efter aftale med Naalakkersuisut og har til formål at gennemføre reglerne i Europa-Parlamentets og Rådets forordning (EU) 2024/1623 af 31. maj 2024 om ændring af forordning (EU) nr. 575/2013 for så vidt angår krav vedrørende kreditrisiko, kreditværdijusteringsrisiko, operationel risiko, markedsrisiko og outputgulvet (CRR III) for Grønland. Formålet med CRR III er at styrke kreditinstitutternes robusthed og øge den finansielle stabilitet, samtidig med at kreditformidling, vækst og beskæftigelse understøttes. Lovforslaget sikrer samtidig, at grønlandske kreditinstitutter får regulering svarende til den, som gælder for danske institutter. Kreditinstitutterne i Grønland vil dermed have et tilsvarende lovgrundlag som i Danmark, hvilket gør adgangen til kapital og likviditet nemmere.
Source: Folketinget (ft.dk). Reproduced unchanged.
Timeline
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- Introduced · 5 November 2025Status in the Danish Parliament: Fremsat
- Passed · 19 December 2025Status in the Danish Parliament: 3.beh./Vedtaget
- Stadfæstet · 29 December 2025Status in the Danish Parliament: Stadfæstet
- Date to be set later · 30 December 2025Status in the Danish Parliament: Stadfæstet
- In force · 31 December 2025Status in the Danish Parliament: Stadfæstet