The EBA calls for flexibility and pragmatism in the application of the prudential framework and clarifies that, in case of debt moratoria, there is no automatic classification in default, forborne, or IFRS9 status.
The European Central Bank has authorised LHV Pank AS to issue bonds at the proposal of Finantsinspektsioon. This allows LHV to start issuing bonds, but at the same time it must hold sufficient loans and liquid assets in its covered bond portfolio. Nothing will change for clients who have taken a loan from the bank.
Swedbank AB has had serious deficiencies in its management of the risk of money laundering in its Baltic operations. This is the conclusion of parallel investigations into parent company Swedbank AB and its subsidiary bank Swedbank AS in Estonia that were conducted by Swedish Finansinspektionen and Estonian Finantsinspektsioon.