The Swedish Bankers’ Association is in talks with her members to target reducing mortgage debt.

“What we’re discussing at the bankers’ association is that we probably should have some kind of joint guidelines,” the organisation’s chairman Annika Falkengren (also CEO of SEB) told Bloomberg. “What we’re discussing now is very much amortization further down than 70 percent.”

SBA is working on an industry-wide amortization plan to address growing indebtedness with the goal to set a standard that requires borrowers to cut mortgage debt to less than the 70 percent threshold of home values Swedish banks currently target.