Ingves: Sweden needs to go beyond international regulations

Stefan Ingves says countries ‘can and should’ go beyond Basel framework

Photo by David Lundberg

Swedish banks' dependence on both foreign and domestic market funding and the country's high levels of household debt justifies Sweden "having stricter regulations in certain respects" than other countries, according to Sveriges Riksbank governor Stefan Ingves.

Ingves told an audience in Stockholm that the Basel Committee on Banking Supervision would "hopefully" have a complete regulatory framework by the end of 2014. Nonetheless, he argued that the structure of the Swedish banking system "calls

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