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Nasdaq Clearing says has appealed $36 mln fine by Swedish Financial watchdog

OSLO, Feb 16 (Reuters) - Nasdaq Clearing has appealed a fine from Sweden’s financial supervisory authority (FI) over deficiencies uncovered in the wake of a trader’s default in 2018, the Nasdaq subsidiary said on Tuesday.

The FI on Jan. 27 issued a warning and a 300 million Swedish crowns ($36.19 million) administrative fine to Nasdaq Clearing for insufficient follow-up of memberships, miscalculations of trading margins and over its risk management.

$1 = 8.2891 Swedish crowns Reporting by Nora Buli, editing by Gwladys Fouche

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