Sweden will go beyond Basel III capital rules, says Ingves

Stefan Ingves

Stefan Ingves, the governor of the Riksbank and chairman of the Basel Committee on Banking Supervision, has said Sweden's largest banks will be required to meet higher capital requirements than the minimum standards set out in Basel III.

Speaking at the Swedish Bankers' Association's meeting in Stockholm, Sweden, on Thursday, Ingves said: "Capital requirements for major Swedish banks need to go beyond the requirements of Basel III. The costs of higher capital adequacy requirements are limited

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