Resurs Bank, a subsidiary of Resurs Holding, has been issued a publice adverse remark and been imposed a fine of MSEK 35 by SFSA.
The Swedish Financial Supervisory Authority (the “SFSA”) have decided to issue a public adverse remark and impose a fine of MSEK 35 on Resurs Holding’s subsidiary Resurs Bank. The reason for the SFSA’s decision is the fact that Resurs Bank, from November 2012 to September 2015, calculated and reported the capital adequacy ratio on a different level within the then prevailing group structure than required by applicable rules, as well as the fact that the CET 1 and total capital ratios, as an effect of the then prevailing group structure, did not comply with the relevant capital requirements