Sweden's Nyberg on financial reforms

In the speech 'Financial reforms and financial crises - Swedish experiences' given on 27 March Lars Nyberg of the Sveriges Riksbank said it is dangerous to use regulations to limit competition in the banking sector.

"Almost forty years of regulations had led our banks to almost entirely lose one field of competence they must have to accomplish their task to society - to assess credit risks and allocate credit where it can have the most positive effect on economic developments."

"When we were in

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