Sweden decides on new capital requirements for banks
Sweden set out on Friday how it will apply the EU’s latest capital rules to its banks. Market participants highlighted that the planned changes would give issuers less headroom over the coupon cancellation threshold for their additional tier ones (AT1s).
The Swedish Financial Supervisory Authority (FSA) described how would update bank capital targets in line with the country’s application of the EU’s Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD).
Sweden is yet to bring forward legislative proposals on how to implement these texts in domestic law....