SEB's Basel II credit risk model approved

Nordic financial group Skandinaviska Enskilda Banken’s (SEB) internal credit risk models have been approved by the Finansinspektionen (FI), the Swedish Financial Supervisory Authority, making it one of the first banks to have its Internal Ratings Based models approved. The FI approval covers the majority of SEB’s exposures towards corporates, institutions, banks and household mortgages in Sweden and Germany.SEB can now become an IRB bank, apply the foundation approach from 2007 and move to t

To continue reading...