UPDATE 1-Swedish govt sees delay to tougher bank capital rules

(Adds detail, background)

STOCKHOLM, Oct 10 (Reuters) - Sweden is to delay new rulesforcing banks to put aside more capital than other banks inEurope to protect themselves against risk to the middle of nextyear, Financial Markets Minister Peter Norman said on Wednesday.

The new rules, intended to boost the resilience of a bankingsector that includes Nordea , Handelsbanken ,Swedbank and SEB , need to be aligned with anew European Union directive.

But final negotiations on the directive, which cover thecapital and liquidity requirements decided by the BaselCommittee in late 2010, have not yet been concluded, causing adelay also in the introduction of the Swedish rules.

"Everything indicates that the negotiations are dragging onand January 1 is not a probable date," Norman told reporters,referring to the original target for the introduction of therules.

"We are beginning internal legislative work at the FinanceMinistry that I hope will come into force in the middle of2013."

All the top banks already meet the planned new rule of acore capital requirement of 10 percent of risk-weighted assetsbut the centre-right government had wanted to get the rules inplace to show its determination to decrease bank risks.

It further wants to raise the capital requirement to 12percent in 2015. Such requirements go beyond those spelt out bythe Basel Committee.

(Reporting by Johan Sennero; writing by Niklas Pollard)

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


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