Banks Told Too Much Capital Is Bad as Sweden Tempers Targets
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Sweden is telling its banks not to amass too much capital less than 18 months after breaking with the rest of Europe in demanding lenders meet some of the world’s toughest regulatory standards.
Financial Markets Minister Peter Norman said on Jan. 30 Sweden’s banks should “not have too much capital” while Finance Minister Anders Borg the same day told lenders they’re free to raise dividends after building up reserves that topped Swedish requirements.