Nordea receives transitionary capital implementation letter from the ECB
On 9 October 2018, the European Central Bank (“ECB”) informed Nordea of the minimum Pillar 2 levels of own funds applicable during the transition period (from 1 October 2018 until the ECB has issued a decision establishing prudential requirements prepared in accordance with the 2019 Joint Decision on Capital concerning Nordea Group (“JDC”), expected Q4 2019). This is in line with Nordea’s expectations and previous communication.[1] Nordea has voluntarily committed to comply with the 2018 JDC until the ECB has issued a decision establishing prudential requirements prepared in accordance