The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: Sofie from JPMorgan. A little bit related to the previous question, but, Claus, could you just remind us what your rate sensitivity in Denmark, is the
10% or 10 basis point change in the Central bank rates?
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: That DKK 700 million. Yes.
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: Okay. Okay. So DKK 700 million is across all geographies?
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And the DKK 700 million doesn't incorporate any pricing changes but old pricing basically remains unchanged?
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: And then the second question, there was an article out on the countercyclical buffer and also on the systemic risk buffer in Denmark. Could you
just comment on your kind of views on the comments that came out from the risk record earlier this week?
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Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: And what about if the systemic risk buffer goes up by 1%? Would that mean that your safety buffer potentially could go down? Or how should we
think? Is there any connection between those 2?
Question: Sofie Caroline Elisabet Peterzens - JPMorgan Chase & Co, Research Division - Analyst
: That's very clear.
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