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Finansinspektionen is investigating the trading activities in conjunction with valuation of complex financial products at nine banks and securities companies. FI has recently noticed an increase in trading activities and difficulties related to the valuation of complex financial products. These developments, combined with the overestimated trading result at Carnegie Investment Bank, have brought the need of a review of other banks and securities companies into the forefront.
For the purpose of the review, complex products will be considered to be products that do not have a market value, or where the market value is not considered to be accurate, and instead require theoretical models to carry out a valuation.
The review will be conducted during the autumn and FI will not comment on its findings until the review has been concluded, which is estimated to be at the end of the year. The banks and securities companies that will be included in the review are Erik Penser Fondkommission, Glitnir, Handelsbanken, HQ Bank, Kaupthing Bank, Nordea, SEB, Swedbank and Öhman Fondkommission.
