Regulatory Alerts2016-09-06
Added · Updated
Regulations amending Finansinspektionen’s regulations and general guidelines regarding covered bonds (FFFS 2016:17)
Finansinspektionen issued regulations amending its covered bond rules to mandate that the present value of cover pool assets must exceed liabilities, including derivative agreements, based on currency-specific swap rate curves. The amendments require institutions with unhedged currency mismatches in their cover pools to demonstrate compliance following a ten percent adverse shift in exchange rates. These regulatory changes entered into force on 21 June 2016.
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