Schuldschein shrugs off Nordic bank dressing down from ESMA

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Schuldschein shrugs off Nordic bank dressing down from ESMA

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Puzzled man at computer shrugs shoulders and expresses lack of knowledge | Chad Zuber/Shakzu - Fotolia

The European Securities and Markets Authority recently fined a clutch of Nordic banks for breaking credit rating regulations. The decision could have implications for the Schuldschein market — where arranging banks issue similar ratings to investors.

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