• ‘Swedish banks should have more capital than required by Basel III’
• Banks urged to force households to amortize
• FinMin to raise Swedish bank capital levels

Bloomberg said Swedish banks should expect no let-up in pressure to boost capital levels and need to prepare for more competition, said the front-runner to become finance minister after September elections.

“I’m absolutely open to raising capital requirements further,” Magdalena Andersson, economic spokeswoman for Sweden’s largest opposition party, the Social Democrats, told the news bureau. “It’s something we will have to track continuously.”

The Social Democrats are looking to regain power after eight years in opposition. The party and its partners, the Greens and the Left Party, were backed by 50.5 percent of voters, compared with 39 percent for the four-party government, according to a Sifo poll.