Go Symbol Lookup
Loading...

Swedish govt sees new bank capital rules delayed to mid-2013

 Text Size  
Published: Wednesday, 10 Oct 2012 | 10:18 AM ET

STOCKHOLM, Oct 10 (Reuters) - Sweden's Financial Markets Minister Peter Norman said on Wednesday that new, tougher capital requirements for banks were likely to be in place at the middle of next year and not January as previously targeted.

"Everything indicates that the negotiations are dragging on and January 1 is not a probable date," Norman told reporters.

"We are beginning internal legislative work at the Finance Ministry that I hope will come into force in the middle of 2013."

The centre-right government plans to impose a core capital requirement of 10 percent, a level Sweden's banks already exceed, in a first step next year and raise it further to 12 percent in 2015.

(Reporting by Johan Sennero; writing by Niklas Pollard)

((Niklas.Pollard@thomsonreuters.com; +46 70721 1110; Reuters Messaging: niklas.pollard.reuters.com@reuters.net))

Keywords: SWEDEN CAPITAL/

 Print
STOCKHOLM, Oct 10- Sweden's Financial Markets Minister Peter Norman said on Wednesday that new, tougher capital requirements for banks were likely to be in place at the middle of next year and not January as previously targeted. "We are beginning internal legislative work at the Finance Ministry that I hope will come into force in the middle of 2013.".

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: