Preliminary 2023 SREP decision
The Swedish Financial Supervisory Authority has informed SEB of its preliminary decision regarding the 2023 Supervisory Review and Evaluation Process (SREP).According to the preliminary decision, SEB’s Pillar 2 requirement (P2R) would increase by around 0.2 percentage point for CET1 capital. The increase is mainly driven by a temporary add-on for the ongoing review of IRB-models. At the same time, the risk-weight floor for commercial real estate is transferred from P2R to Pillar 1, thereby increasing the risk exposure amount (REA).Furthermore, the REA-based Pillar 2 guidance (P2G) would