Swedish FSA closes investigation with no remark

The Swedish FSA has today notified that the authority has closed its investigation with no remark into Swedbank AB for breaches of the European Union’s regulation on market abuse.

“One by one we leave the historical issues behind to instead fully focus on our customers’ future,” says Jens Henriksson, President and CEO of Swedbank.

The Swedish FSA opened an investigation in September 2020 into suspected breaches of articles 17 and 18 in the European Union’s regulation on market abuse. The SFSA has now closed the investigation with reference to the decision by The Disciplinary Committee at Nasdaq Stockholm on May 5, 2021 ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million for shortcomings regarding the distribution of information during 2016-2019.

Contact:
Ralf Bagner, press communicator, ralf.bagner@swedbank.se, phone +46 730 421649

Swedbank encourages a sound and sustainable financial situation for the many households and businesses. As a leading bank in our home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 600 000 corporate customers and organisations with 153 branches in Sweden and 80 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. Read more at www.swedbank.com