Danish regulator orders Gefion not to expand its business volume
Premium Credit also issued Gefion with an ultimatum for cutting business ties.
The Danish Financial Supervisory Authority (DFSA) has ordered unrated Danish provider Gefion not to increase its volumes of business.
In a statement, the regulator wrote: “Due to the company’s solvency situation, the Danish Financial Supervisory Authority ordered the company not to expand its business volume.”
The decision followed on-site inspections by the DFSA. The regulator said it reviewed Gefion’s business models, solvency, capital, capital plan and management system.
It concluded that
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