How refreshing to see crates of knobbly apples handed out in the lobby when I visited Sweden’s financial supervisor in early November. Alas, the harvest season was also coming to an end for investors in Scandinavia’s falling bank shares.
Are Sweden’s notoriously tough capital charges, I ask, a result of greater systemic risk here?
The Finansinspektionen’s executive director for banking, Martin Noréus, suggests not. Rather, he says, it has been easier to implement them because his sector is exceptionally profitable.
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