Nevertheless, the Danish financial sector remains large by international standards, with a total-assets-to-GDP ratio of more than 500%, and is dominated by a few very large banks and highly interconnected. As discussed in the previous Survey, this poses a systemic risk and potentially creates important implicit liabilities for the public sector. At the same time, household gross debt continues to be the highest across OECD countries (Figure 9), albeit large pension savings counterbalances this (see below).