Riksbank’s Ekholm says Basel III not enough for Sweden

karolina-ekholm

The Swedish banking sector is "closely interwoven" and therefore requires stronger macro-prudential oversight than the Basel III framework provides, according to Karolina Ekholm, a deputy governor of the Riksbank.

In a speech at Handelsbanken's officies in Stockholm on September 27, Ekholm said the Swedish banking system was highly sensitive to financial shocks both due to its size and interconnectedness, and because banks rely on funding in foreign currencies. This, she said, tended to be in

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