Legal questions force Swedish FSA to scrap amortisation rule

Stockholm in Sweden
Stockholm, Sweden

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 w

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