diff --git a/src/util/taler-exchange-secmod-cs.c b/src/util/taler-exchange-secmod-cs.c
index 1c4625e79..139b0b9d0 100644
--- a/src/util/taler-exchange-secmod-cs.c
+++ b/src/util/taler-exchange-secmod-cs.c
@@ -1562,10 +1562,8 @@ run (void *cls,
   }
   if (NULL == denom_head)
   {
-    GNUNET_log (GNUNET_ERROR_TYPE_ERROR,
-                "No denominations configured\n");
-    global_ret = EXIT_NOTCONFIGURED;
-    GNUNET_SCHEDULER_shutdown ();
+    GNUNET_log (GNUNET_ERROR_TYPE_WARNING,
+                "No CS denominations configured\n");
     return;
   }
   /* start job to keep keys up-to-date; MUST be run before the #listen_task,
diff --git a/src/util/taler-exchange-secmod-rsa.c b/src/util/taler-exchange-secmod-rsa.c
index fef20524d..6d9ee5db1 100644
--- a/src/util/taler-exchange-secmod-rsa.c
+++ b/src/util/taler-exchange-secmod-rsa.c
@@ -1540,10 +1540,8 @@ run (void *cls,
   }
   if (NULL == denom_head)
   {
-    GNUNET_log (GNUNET_ERROR_TYPE_ERROR,
-                "No denominations configured\n");
-    global_ret = EXIT_NOTCONFIGURED;
-    GNUNET_SCHEDULER_shutdown ();
+    GNUNET_log (GNUNET_ERROR_TYPE_WARNING,
+                "No RSA denominations configured\n");
     return;
   }
   /* start job to keep keys up-to-date; MUST be run before the #listen_task,