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Sweden’s FSA Says Banks Can Lend More Amid Tougher Rules

Sweden’s financial regulator said the country’s banks can increase lending to households and businesses even as the industry adopts some of the world’s strictest regulatory standards.

“Swedish banks have adapted well to the new regulation, they are well-capitalized and have access to funding, which means they have the ability to continue increasing their lending to households and companies,” Magnus Karlsson, an analyst at the Swedish Financial Supervisory Authority in Stockholm, said in a phone interview yesterday. The pace of “household lending growth is likely to remain on current levels, also in coming quarters,” he said.