A weighty issue
Nordic banks want to use the Basel framework’s advanced approach to credit risk capital, but local regulators are insistent that data – rather than judgement – has to be the basis for the calculations. Banks don’t have enough instances of default...
Nordea tops this year's Nordic Risk derivatives rankings
Chief risk officers have given muted support to the recent stress-testing exercise by Swedish regulator Finansinspektionen to assess whether the country's largest banks have enough capital to survive future stresses.
Credit default swap spreads in Europe have remained relatively tight this week despite falling equities. The trend is being supported by the current dislocation between credit and equity, and also continued large issuance of synthetic CDOs, according...
“We don’t like portfolio management,” says Björn Börjesson, executive vice-president and head of the central credit department at Svenska Handelsbanken in Stockholm.
Credit risk management systems are surprisingly sophisticated at many Nordic banks. Ellen Leander examines the changes being made to existing infrastructure to keep that edge.