Nordea has received permission for continued use of existing internal models from the ECB
(WorldNews Sweden)

As part of the planned re-domiciliation to Finland, Nordea Bank Abp (`Nordea`) reached another milestone in the transition from the Swedish FSA (`SFSA`) regulatory framework to the banking union regulatory framework by being granted temporary use of internal models for calculation of risk exposure amounts (`REA`) from the European Central Bank (`ECB`). The decision, as expected, implies a migration of Pillar 2 capital add-ons into Pillar 1 REA and an unchanged...