Sweden sets higher capital buffers for big banks
Sweden's four largest banks must hold a minimum 10% of risk-weighted assets in common Tier I equity under new measures announced on Friday.
The Riksbank, in collaboration with the Swedish Financial Supervisory Authority and ministry of finance, announced new rules that will see the four banks – Handelsbanken, Nordea, SEB and Swedbank – required to hold a minimum 10% of risk-weighted assets in common Tier I equity by January 1, 2013, with the capital buffer rising to 12% of risk-weighted assets
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