FI is introducing an exemption from the requirements set out in Article 129(1)(c) of the Capital Requirements Regulation by means of an amendment to Finansinspektionen's regulations (FFFS 2014:12) regarding prudential requirements and capital buffers.
FI is introducing the exemption to avoid the concentration problems on the Swedish market that could arise if issuers of covered bonds were referred to only a few derivative counterparties.
EBA has published an opinion on FI's decision and finds it to be justified.
The regulatory amendment enters into force on 31 March 2015. Amendment 2015:3