Saxo Bank attains Systemically Important Financial Institution designation from Danish FSA

Saxo Bank attains Systemically Important Financial Institution designation from Danish FSA

Dubai, United Arab Emirates: Saxo Bank announces its official designation as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA). This significant milestone solidifies Saxo Bank's role in the financial system and reaffirms its commitment to being a trusted partner for clients, partners, and other stakeholders across markets. The SIFI designation is a categorisation of financial institutions that play an important role in ensuring the stability and proper functioning of the financial system. Saxo Bank's appointment as a SIFI highlights the bank's integral position as it supports a growing number of clients, as well as banks, fintechs, brokers, asset managers and other industry participants who rely on its solidity and stability for their assets and cash as well as its platforms, market facilitation, and advanced technology solutions. Kim Fournais, CEO & Founder, comments on the recent announcement: “We are proud to have built Saxo Bank into a solid institution over the past 30 years. We have done this by focusing on servicing our clients and partners well - and having had success doing so we have now been designated as a Systemically Important Financial Institution by the Danish FSA. This is a testament to our strong