STOCKHOLM, Oct 10 (Reuters) - Sweden's financial watchdogsaid current proposals for a European banking union could runthe risk of dividing the single market and that supervisionshould be complemented by a system for dealing with failingbanks before it was introduced.
Swedish Financial Supervisory Authority head MartinAndersson said plans for a banking union now on the table riskedcreating a division between members of pact and those whoremained outsiders.
"This would be at odds with what we have been working towardfor so many years, the creation of a single market," he toldreporters on the sidelines of a news conference on Wednesday.
(Reporting by Johan Ahlander)
Keywords: SWEDEN BANKING/