Get the latest insights on the economy, industries and emerging trends that can help your business tackle the challenges it faces in today’s market. We share the learnings and perspectives of leading experts and innovators in the Nordics, both from Nordea and beyond.
Will PSD3 boost or hinder innovation?
With PSD3 right around the corner, Gunnar Berger, Head of Open Banking at Nordea, reflects on its possible consequences for innovation. Are regulatory requirements enough to drive innovation, or do all involved parties need to have something to gain to ensure new technology is adapted to improve service offerings?
EU Taxonomy: The period of misalignment for sustainable finance
This year marks the most complete test yet on how well the proposed regulatory elements and labels from the European Commission’s action plan on sustainable finance will work together. In addition to providing transparency to the market, the EU Taxonomy is a cornerstone of the forthcoming European Green Bond Standard (EUGBS) as it provides the definitions of “green” for European Green Bonds.
A check-in on Nordic companies’ EU Taxonomy reporting
This year marked the inaugural year for companies in scope for EU Taxonomy reporting to disclose not only eligibility, but also EU Taxonomy alignment for the objectives included in the Climate Delegated Act. Nordea ESG Research shows that the alignment numbers are surprisingly low for Nordic companies.
'Green sustainability-linked bonds': Getting to the heart of accountability and impact in sustainable financing
As the sustainable finance market has grown, expectations from both investors and society at large have increased. To mitigate challenges faced by the traditional green and sustainability-linked financing formats, issuers of combined structures are paving the way for new “best-in-class” sustainable finance products, both ensuring transparent impacts and intentional sustainable development.
In this Nordea On Your Mind interview, Juhani Hintikka, CEO of Finnish listed corporate cybersecurity group WithSecure, explains that cybercrime will keep growing, with the vital threat to corporates coming from the 30% of criminal actors who are professional and, in most cases, in it for money.
One-of-a-kind green bond from Landshypotek Bank sets new record
Landshypotek Bank is one of the only banks in the world to issue green covered bonds that exclusively finance sustainable forestry. The bank's recent bond reissuance drew record investor interest, confirming that Swedish forest owners attract investors.
From ambition to action: A call for investment in the green transition
A series of all-star speakers gathered at Nordea’s recent Nordic AAA Seminar in Copenhagen to discuss the imperative for increased green investment and the financial sector’s vital role in the transition.
Did you know that global costs for cybercrime are estimated to have reached USD 8tn annually? Corporates are in the firing line, facing a range of threats from different types of cybercriminals. Our Nordea On Your Mind team return to the theme in their latest report, “Cybersecurity II.”
The NOK has plunged over the past year. The usual NOK drivers, such as oil prices and stock market performance, explain little. The main factor is likely a clearly narrower interest rate differential between Norway and our biggest trading partners. Norges Bank’s NOK sales on behalf of the government has added to the weakening since the autumn.
The Norwegian economy has shown greater resilience to higher rates and inflation than expected. Household consumption and housing prices have held up and unemployment has remained record low. Real wage growth and higher activity in the oil sector help underpin a high activity level also going forward.
Nordea chief economist: Inflation more stubborn than expected
The global economy got off to a good start in 2023, driven by a sharp fall in energy prices, strong labour markets and the reopening of the Chinese economy. This doesn’t mean that growth prospects have improved significantly since the winter, though. Inflation is still high, and monetary policy must be tightened further.