Sweden May Shelve Tougher Bank Rules If Recovery Is at Risk
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Sweden’s government signaled it won’t push for stricter bank rules than those already agreed on if there are signs that doing so would put an economic recovery at risk.
“What you constantly need to take into the equation is not to hurt the growth that’s about to accelerate, but to find a suitable balance,” Financial Markets Minister Peter Norman said yesterday in an interview in Stockholm. “This is an economic experiment” and “a delicate balance,” he said.