Euro Zone May Get Another Giant Bank as Finns Build Nordea Case
- Nordea is considering moving from Sweden citing resolution fee
- Finland, Denmark are main candidates for Nordea’s headquarters
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The Nordic region’s only global systemically important financial institution would face less regulatory risk if it moved to the euro zone than it does now in Sweden, according to the resolution authority in Finland.
Nordea Bank AB, which is threatening to shift its headquarters from Stockholm unless Sweden creates a more hospitable business environment, is considering Finland and Denmark as alternatives. With Chief Executive Officer Casper von Koskull set to announce a decision before the summer, Finland has put together a working group to entice the bank, Finance Minister Petteri Orpo said in April.