Danish FSA hones in on illiquid credit following inspections

The Danish FSA has made a list of main points for its enhanced focus on pension companies' illquid credit investments.

Photo: Lars Krabbe/ERH

In the first half-year of 2019, the Danish Financial Supervisory Authority (Finanstilsynet, -ed.) investigated pension companies' investments in illiquid credit, such as direct loans and real estate loans, and its conclusions have led the financial watch dog to increase its attentions in the area.

"The survey showed that most pension companies had investments in illiquid credit, and that they typically expected to maintain or increase their exposure. Pension firms also mentioned circumstances such as the current pressure on credit premiums and loosened credit terms. The FSA deems that it's necessary to be attentive to risk in the credit markets," writes the FSA in a note on the investigation.

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