Finansinspektionen, the Swedish Financial Supervisory Authority, has together with authorities in eight other European countries granted SEB the approval to apply the Advanced Measurement Approach (AMA) for determining the capital requirement for operational risk. This is the first time a Nordic banking group has received this approval. Finansinspektionen has also concluded its review of SEB’s internal capital adequacy assessment process (ICAAP), which is an important part of the new capital adequacy framework (Basel II). Finansinspektionen writes in its decision that SEB has sufficient capital in relation to the risks the Group is exposed to.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.