Norway
Nordea’s credit RWAs surge €19bn as ECB approves new retail models
Revised risk-weightings for mortgages drive sharp rise in credit risk
Europe’s countercyclical buffers buck recession trends
Almost half of EBU’s members have set out CCyB hikes; five plan two or more before mid-2023
Norway oil fund marks down Russia stocks by 87%
Country’s sovereign wealth fund moved equity holdings to lowest level of fair-value hierarchy
Norway oil fund’s derivatives book balloons 192% in H2 2021
Sovereign wealth fund GPFG piled up FX and IR contracts and tapped CDS for the first time
On Russia, finance needs to find its moral compass
The looming risk of big write-offs should prompt investor rethink
Nordea’s trading VAR keeps climbing amid rate hike jitters
Trading risk gauge surged 17% through Q4
Nordea faces higher capital requirement following ESRB recommendation
A decision by the Finnish Financial Supervisory Authority may add 95bp to the bank’s CET1 capital ratio requirement
Nasdaq held Aas portfolio for nine months after blow-up
Swedish regulator reveals CCP’s decision to keep defaulted power portfolio – and claims it was not fully hedged
EU countries accelerate countercyclical buffer increases
Eleven EU members currently apply CCyBs, with Bulgaria the most recent country to join the club
FRTB: Nordic banks mull regional data pool
Local tie-up could “prevent big banks entering the markets in the Nordics”, says local risk manager
North-South divide: Basel makes Nordic and Dutch banks bristle
Lobbyists confident EU policymakers can be persuaded to implement softer credit risk rules
Brent evolves to retain lustre
Introduction of Troll marks attempt to keep Brent as benchmark of choice
Norwegian adoption of Emir to fix cross-border clash
EU banks will be required to clear Nkr swaps – Norwegian banks currently are not
Oil dive increases importance of trading, says Statoil
Asset-based trading seen as crucial in environment of lower oil prices
ETF providers take on pension and sovereign wealth challenge
Pension and sovereign wealth funds develop a taste for low-cost ETFs
Flourishing listed structured products market in Norway bucks OTC trend
Buoyant listed market in Norway reveals appetite for structured products, but financial watchdog says unlisted market is dead
Nordnet aims to outperform Brics with Pan-Africa note
Nordnet offers a range of listed products in the Nordics and has now partnered with SG for a product based on African equities. Product manager Alexander Tiainen talks to Vita Millers
Fatca FFI draft agreement finally released
Long-awaited document sheds light on compliance requirements
Final Fatca regulations fail to include draft FFI agreement
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs