The "Development Package" Has Now Come Into Force (Bank Package V)

Introduction

On 2 March 2012, the Danish government and the political parties Venstre, Dansk Folkeparti, Det Konservative Folkeparti and Liberal Alliance have concluded an agreement on a so-called "Development Package". The Development Package is to improve small and medium-sized businesses' access to funds, as this access has deteriorated during the financial crisis. The main content of the agreement, which is to be implemented by an actual regulation, is as follows:

Overview of the Measures

The Development Package may be divided into three areas:

1. Demerger of the FIH Group, whereby the property portfolio is transferred to the Financial Stability Company A/S. The model creates a precedent for the Financial Stability Company's possibility for handling similar situations.