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Bloomberg said that 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 told the newsbureau. “This is an economic experiment” and “a delicate balance,” he said.
Previously this month Finance Minister Anders Borg slammed the biggest Swedish banks -- the best capitalized lenders in Europe -- for raising dividends.
“It’s a bit surprising that one chooses to go with larger dividends in a situation where we clearly have signaled that the banks need to have large core capital,” he said.
“We clearly will have to look over how to tighten our regulations to make them take their responsibilities with greater seriousness.”
Last Updated (Thursday, 20 February 2014 04:11)