Credit market company Solidum has not managed its credit risks properly, and insurance company Fjällförsäkringar has had deficiencies in its coverage of liabilities. Both firms are being issued a remark and must pay administrative fines.
Solidum has not had sufficient control of its credit risks. The firm has not had a clear strategy for its overall credit risk and has not had sufficient monitoring and control of its credits. The company has also had an unlawful large exposure. The firm is thus being issued a remark and must pay an administrative fine of SEK 400,000.
Fjällförsäkringar has been deficient in its coverage of liabilities. The firm’s assets have not covered its obligations towards policyholders. Hence, customers have not been protected to the extent required by the regulations. The firm is thus being issued a remark and must pay an administrative fine of SEK 750,000.
