Hard-to-value assets abound at Nordic banks
Level 3 assets make up 25% of Norwegian firms’ fair value portfolios
Banks in the European Union tagged 68% of their fair value assets as hard or impossible to price using market inputs at end-2019, with Norwegian, Danish and Finnish lenders disclosing even higher proportions, data from the latest EU-wide transparency exercise shows.
Aggregate assets across the 127 banks surveyed were €30.46 trillion ($34.54 trillion) at end-2019, of which 25% were accounted for
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