Skandinaviska Enskilda Banken Research Articles

The firm “Investor” in the architecture of the financial and industrial of Wallenbergs family group: history and contemporary role

For a half of century the entrepreneurial activities of the Wallenberg group have largely determined Swedish economy direction. From one of the largest family of successful financiers the Wallenbergs have gradually become one of the most influential dynasty in the modern world economy. Today one of the major international banks – ‟Skandinaviska Enskilda Banken” (SEB) – and the investment holding ‟Investor” are at the centre of their sphere of business interests. ‟Investor” is the key tool for managing Wallenberg family assets, represented in the most of modern economy sectors. This company owns shares in SKF, ABB, Atlas Copco, AstraZeneca, Electrolux, Ericsson, Husqvarna AB, NASDAQ, Saab AB, Swedish Orphan Biovitrum AB, SAS, and a number of others. In 2021 the market value of ‟Investor” has exceeded 400 billion SEK (€ 40+ billion, $ 50+ billion).

Recent Development in the Field of Merchant Banking: The Skandinaviska Enskilda Banken Case and the VAT Treatment of Underwriting

The European Court of Justice has held in the Skandinaviska Enskilda Banken AB Momsgrupp case that underwriting services relating to shares benefit from the VAT exemption laid down in Art. 135(1)(f) of the VAT Directive. In this article, the authors analyse the ECJ’s decision in the SEB AB Momsgrupp case and consider other developments in the field of merchant banking.

The inward‐outward dynamics in the internationalisation of Baltic banks

Purpose – The purpose of this paper is to show how the inward‐outward dynamics in the internationalisation of Baltic banks have led towards higher incorporation into Nordic banking groups and subsequently towards diminishing autonomy.Design/methodology/approach – The paper presents two case studies, which characterise the evolution of international inward‐outward connections in two major Baltic banking groups – Hansabank Group and Skandinaviska Enskilda Banken (SEB) Group.Findings – Acquisitions by Swedish banks in 1998 had a different impact on the internationalisation of the two leading Baltic banking groups. Inward‐outward connections in the case of the Hansabank Group meant that they obtained strong autonomy in controlling Swedbank's activities in the Baltic. In the case of Eesti Uhispank, Latvijas Unibanka and Vilniaus Bankas inward‐outward linkages meant that they lost autonomy about the further expansion to other Baltic countries and were eventually transformed into Baltic subsidiaries of SEB. Thes...

Incremental systems development-a case study

When Skandinaviska Enskilda Banken started trading bond options a pronounced need for a computerized trading support system arose. As the market changed, the demands on the system changed too, forcing it to evolve in several successive steps. The system described went through being an arbitrage system, a system for price quoting and ended up as a bona fide trading system, doing all of the above and keeping track of all trading, including multiple concurrent users and portfolios

An APL production environment

Production usage of an APL application has further requirements than test execution by the programmer. Normally, each application implements its own production-environment features. This paper discusses the advantages of separating such features from the applications, and to supply them via a standardized production environment. One specific such environment, implemented at Skandinaviska Enskilda Banken, is described.

INFO-FRAGA, a user friendly query language for large files and data bases

INFO-FRAGA has been developed at Skandinaviska Enskilda Banken and serves as the main tool for ad hoc data base and file access. The paper describes the reasons for building a query language in APL and some important applications. In addition, an overview of the system and its parts is provided, together with a discussion of some details of the implementation of APL, in particular how the compiler was constructed.

Software engineering for the Cobol environment

In a attempt to improve the productivity of their 70 development staff, Skandinaviska Enskilda Banken has built an integrated set of manual and automatic tools for the implementation of Cobol programs. It was possible to use a number of modern programming techniques, including software engineering methods, in a Cobol environment. The project required 31 person-months; the aims, current status, and initial results are reported.