Joining banking union likely positive for Sweden – Riksbank

Photo: Sveriges Riksbank

Sveriges Riksbank says joining the European banking union would likely be positive for Sweden due to the large cross-border activities of Sweden’s banks across the region.

The central bank included this assessment in its response to a Swedish inquiry on the banking union. “The Swedish banking sector has extensive international operations, primarily within the EU [European Union] and in particular in the Nordic-Baltic region,” says the Riksbank. “This means that single supervision and resolution

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