Bloomberg said that Finance Minister Anders Borg will seek even steeper capital requirements for Sweden’s major banks as he moves to shield the Nordic region’s largest economy from future financial industry losses.

“The direction ought to be to gradually tighten the requirements — then we’ll have to see to what extent, scope and to which level,” he said. “Compared with what we’ve said and compared to where we’re at, there’s probably reason to carefully move in a tightening direction.”