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6 months ago
BRIEF-Sparebanken Vest wins advanced IRB approval
February 9, 2017 / 7:34 PM / 6 months ago

BRIEF-Sparebanken Vest wins advanced IRB approval

Feb 9 (Reuters) - Sparebanken Vest

* Winst approval from Norway's FSA regulator to use advanced IRB approach for calculating regulatory capital requirements for credit risk

* Approval applies to corporate market. For the retail market the bank already has such approval

* The approval is subject to certain conditions relating to the safety margins in the models

* Sparebanken Vest will thus come back with calculations of the level and capital effects in a separate announcement when this is finalized.

* Transitional rules with Basel I floor of 80% is binding on the bank in the current year Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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