Swedish Financial Supervisory Authority’s preliminary assessment of Resurs Bank’s credit assessments
Resurs Bank AB (“Resurs”) is subject to an investigation by the Swedish Financial Supervisory Authority (Finansinspektionen) for the purpose of examining whether the bank’s credit assessments comply with Chapters 6 and 12 of the Swedish Consumer Credit Act (2010:1846) and Finansinspektionen’s general guidelines regarding consumer credit (FFFS 2014:11). Today, Resurs received letter from Finansinspektionen according to which Finansinspektionen’s preliminary assessment is that Resurs Bank does not base its credit assessments on adequate data and thus is non-compliant with the Consumer