Sweden’s Banks Face Tougher Standards to Counter Currency Risks
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Sweden’s banks, already Europe’s best capitalized, face even tougher rules as Finance Minister Anders Borg says reining in household borrowing is key to preventing the krona’s appreciation.
The krona “is a concern” and “it’s important that we monitor its development,” Borg said today in the city of Norrkoeping, Sweden. His government now targets policies that make monetary tightening unnecessary and take pressure off the exchange rate, he said.