Timeline

The path to CRD
The table below gives an overview of changes to the capital adequacy rules for banks and financial institutions:

When?	What?
July 1988	Basel I introduced risk weightings and off-balance-sheet activities.
January 1996	Measures to capture market risk were introduced in several areas, including: Foreign exchange risk Interest rate risk (specific and general)
June 1999	Publication of the first consultative package of Basel II. Based on three pillars: Pillar I: Minimum capital requirement Pillar II: Supervisory review Pillar III: Market discipline
2005	Final approval of CRD
January 2007	Implementation of the new CRD: Start of the transition period
January 2010	End of the transition period

Danske Bank's transition to CRD will follow the timetable below:

Month & year	Activity
Q2 2007	Dual reporting to the Danish FSA. Danske Bank will report solvency under the current and the new rules.
November 2007	The Danish FSA has approved Danske Bank's application.
Jan. 1, 2008	The Advanced IRB Approach may be used.
2008-2009	Capital floors limit the capital reduction. The capital reduction may not exceed 10% in 2008 and 20% in 2009.

Danske Bank is, of course, continually discussing these matters with the rating agencies.

The table below gives an overview of Danske Bank's future solvency reporting:

Year	External reporting	Reporting to Danish FSA
2007	Basel I	CRD
2008	CRD	CRD

Last updated/revised on January 31, 2008