Change in methodology at Group level for calculating capital requirement for credit risk at Handelsbanken’s UK subsidiary
Handelsbanken’s UK subsidiary, Handelsbanken plc, calculates the capital requirement for credit risk with the application of the standardised approach. At Group level, Handelsbanken applies the internal ratings-based approach to calculate the credit requirement for credit risk, including for those parts of its volumes which are reported by Handelsbanken plc. This is a requirement under the licence granted by the Swedish Financial Supervisory Authority. The Swedish Financial Supervisory Authority has decided that, from 1 January 2021, the Bank is also to use the standardised approach at