Legal questions force Swedish FSA to scrap amortisation rule
The Swedish Financial Supervisory Authority (FSA) today cancelled its plans to impose an "amortisation requirement" on mortgages later this year – despite insisting it is still necessary to address the country's debt issues.
Citing concerns from the Administrative Court of Appeal of Jönköping over the legal basis for such a requirement, the FSA said its mandate "needs clarifying" before it can implement the policy.
For the past year Swedish policy-makers have argued in favour of a measure that
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