Sweden’s Banks Face Extra Buffer as Private Debt Hits Record

Sweden’s financial watchdog said banks in the largest Nordic economy will probably need to hold extra capital to reflect households’ record debt burdens.

That means a countercyclical buffer that’s yet to be calculated for Nordea Bank AB, Swedbank AB, SEB AB and Svenska Handelsbanken AB may stay above zero for “several years,” said Martin Andersson, director general of the Swedish Financial Supervisory Authority.