Finnish FSA sets Nordea systemic risk buffer at 3%
Today 29 June, the Board of the Finnish Financial Supervisory Authority (FFSA) decided on the application of the systemic risk buffer in Finland. For the Nordea Group the requirement after the re-domiciliation will be to hold 3% Common Equity Tier 1 for the systemic risk buffer from 1 July 2019. The 3% as now decided increases the level of clarity of the capital requirements and is the same as currently applied in Pillar 1 for Nordea Group in Sweden. In addition to the decision on the application of the systemic risk buffer, the Board of the FFSA today also decided on the application of