Sweden’s Nyberg calls for reform to dollar funding


Lars Nyberg, a deputy governor at the Riksbank, on May 17 said banks' dependence on dollar funds during the crisis required more attention from policymakers than is given at present.

At Svenska Handelsbanken in Stockholm, Sweden, Nyberg said: "Maintaining insufficient currency in the foreign currency reserve and trusting that other central banks will provide loans when Swedish banks encounter problems is not a sustainable strategy. The size of any charge remains to be discussed between the

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