Ingves sees cross-border resolution lessons from Swedish crisis

Photo by David Lundberg
Stefan Ingves: resolution authorities should build cross-border ties early
David Lundberg

The Swedish financial crisis of the early 1990s has pushed Nordic authorities to better prepare for the demanding process of cross-border resolution, Stefan Ingves said on February 2.

The crisis laid bare problems of co-ordination, legal complications due to confidentiality and the political difficulty of one country having to bail out another's banks, the Sveriges Riksbank governor told a conference organised by the International Monetary Fund and Basel Committee on Banking Supervision.


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