Sweden puts FSA in charge of financial stability

Stockholm in Sweden

The Swedish government yesterday announced its intention to hand the country's financial supervisory authority (FSA) "overall responsibility" for the supervision and regulation of Sweden's financial system.

If approved by parliament, the new setup would distinguish Sweden from several countries that, in the wake of the financial crisis, opted to consolidate regulatory powers with the central bank. The decision goes against a proposal by Sweden's financial crisis committee in January to split mac

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