Sweden won't fight for more power over Nordea's mega bank branch
Fri, Dec 22, 2017 - 5:50 AM
For Sweden, the whole question relates directly to how it will treat Nordea. This year, it converted its Nordic subsidiaries into branches, meaning the regulator in the country in which Nordea is based has full control of the whole bank.
SWEDEN'S financial regulator says giving national supervisors additional powers over bank branches - even systemically important ones like Nordea Bank - is bad policy.
According to Martin Noreus, deputy director general of the Financial Supervisory Authority (FSA) in...