Schuldschein shrugs off Nordic bank dressing down from ESMA

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.

  • By Silas Brown
  • 09 Aug 2018

ESMA fined Danske Bank, Nordea, SEB, Svenska Handelsbanken and Swedbank €495,000 each for issuing credit ratings in breach of the credit rating agencies regulation (CRAR), and the banks pledged to change their ways.  

In ESMA’s summation of SEB’s case, the body said: “Between ...

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