SEB -- Moody's: Large Swedish banks exceed proposed MREL requirements, however face SEK588 bln shortfall of eligible debt

London, 11 May 2016 -- The four large Swedish banks Nordea Bank AB (LT deposits Aa3 stable, LT senior unsecured Aa3 stable, BCA a3), Swedbank AB (LT deposits Aa3 stable, LT senior unsecured Aa3 stable, BCA a3), SEB (LT deposits Aa3 stable, LT senior unsecured Aa3 stable, BCA a3) and Svenska Handelsbanken AB (LT deposits Aa2 stable, LT senior unsecured Aa2 stable, BCA a2) already have outstanding stocks of senior unsecured debt that exceed the Minimum Requirements for own funds and Eligible Liabilities (MREL) requirements proposed by the Swedish resolution authority. However, they still face a shortfall because a portion of this debt does not meet the eligibility criteria, says Moody's Investors Service in a report published today.

Vollständigen Artikel bei Moodys lesen