Nordea receives approval to use advanced IRB approach
The Swedish Financial Supervisory Authority (FSA), in agreement with the three other Nordic FSAs, has on 14 January approved Nordea’s application to use the advanced internal ratings-based (IRB) approach for the bank’s corporate exposures in the Nordic region. This approval will affect Nordea’s core tier 1 capital ratio due to lower risk-weighted assets as well as higher core tier 1 capital. The pro forma Q3 2013 impact on the core tier 1 capital ratio is calculated at approximately 0.7 percentage points. In December Nordea received approval to use the foundation IRB approach for