Toughest Bank Rules Are Beneficial for Funding, Ingves Says

Sweden’s growing capital requirements are helping the nation’s banks fund themselves at more competitive rates than some of their European peers, Riksbank Governor Stefan Ingves said.

“There are other banks in Europe that have all sorts of issues and that can’t really fund themselves in the same way, so it’s hard to argue that raising capital on Swedish banks has hurt them,” Ingves, who also heads the Basel Committee on Banking Supervision, said yesterday in an interview in Stockholm. “It’s actually, I think, the other way around.”