Outcome of the 2015 SREP
Outcome from the Supervisory Review and Evaluation Process (SREP) is now finalised and will lead to an expected Common Equity Tier 1 ratio requirement of 15.4% by end of third quarter, compared to 14.9% as communicated by the Swedish FSA on 2 September 2015. By 30 June 2015, Nordea had a Common Equity Tier 1 ratio of 16.0%. The increased requirements mainly relate to inadequate second line of defence and its involvement in the governance of the IRB system and modelling. Included is also an add-on for operational risk from inspections relating to IT and key processes. The bank