EBA's risk weightings hit Nordic banks harder than peers

10/27/2011 | Bloomberg

The European Banking Authority decided to assign significantly higher risk weightings on mortgage assets compared with national regulators. The situation penalises Nordic banks, which rely on mortgage credit for a large part of their operations. "The choice to use transitional rules is of course unfortunate for these banks and punishes them in a way," said Martin Noreus of the Swedish Financial Supervisory Authority. "It’s clearly not favourable for Swedish banks."

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