May 1, 2024 (NO COMMENTS)

Regular updates drive record rises at Handelsbanken, Nordea and SEB

Operational risk-weighted assets (RWAs) for three Nordic banks hit their highest levels since at least 2016 in the first quarter, following scheduled reviews of their data. Handelsbanken reported Skr85.5 billion ($7.8 billion) in op RWAs at the end of Q1, an increase of 13.7% on the previous quarter and year, while at Nordea, RWAs stood at €17.9 billion ($19.2 billion), up 11.4% over the same two periods. These rises resulted from the banks’ annual updates, which reassess op risk in the first