Breaking News

Tweet TWEET

CORRECT: Sweden Should Tighten Bank Capital Rules, Borg Says

(Corrects buffer numbers in last bullet.)

Core Tier 1 capital rule may be raised above 12% by 2015 for Swedish banks, Swedish Finance Minister Anders Borg tells reporters in Stockholm. * Sweden should move toward even stricter bank rules * Borg to discuss potential new regulation with Riksbank, FSA * To issue road map on future capital rules in spring * Sweden must continue to reform welfare model * Raised taxes as proposed by opposition parties biggest threat to welfare model * NOTE: Swedish capital requirement for all Swedish banks of 12% by 2015 includes 4.5% minimum requirement for CET 1, 2.5% capital conservation buffer, 5% systemic risk buffer

To contact the reporter on this story: Johan Carlstrom in Stockholm at jcarlstrom@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.