Bloomberg said that investors will need to reverse bets that Sweden’s banks — among Europe’s best-capitalized — will have enough spare cash to dish out bigger dividends or buy back shares.

“The expectations of share buybacks and special dividends have clearly come down,” Johan Ekblom, a bank analyst at Bank of America Merrill Lynch, told the news bureau. “The rhetoric by politicians shows they don’t want to see” such payouts. “They want to put pressure on the banks,” he said.

The Nordic country’s government this week unveiled the biggest clampdown on banks since November 2011, it said.

Financial Markets Minister Peter Norman and Swedish Finance Minister Anders Borg warned banks last year not to raise dividend payments and instead focus on increasing capital buffers further.