Pursuits
Italy's Bank Mess Shows One EU Ruleset Can't Work, Sweden Says
- Swedish financial regulator seeks to protect national freedom
- Nordea’s ‘level playing field’ demand is unrealistic, FSA says
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The European Union’s vision that one rule book is enough for the whole region is ultimately untenable, according to Sweden’s Financial Supervisory Authority.
In an argument that goes to the heart of the EU’s unity, the Swedish regulator says there must be allowances for the considerable differences that exist between countries across the region.