Bloomberg: Sweden should ease its bank capital rules after Basel III

Jan 31 Sweden should ease rules that force its lenders to exceed international requirements for capital reserves when the new Basel III global regulations are introduced, its central bank’s First Deputy Governor said on Tuesday.

The Scandinavian country has some of the toughest capital requirements in Europe and lenders already complain they are over-regulated.

The new global rules aimed at ensuring banks are better prepared to face a future crisis could add an additional capital burden of about 300 billion crowns ($34 billion) to Swedish lenders, Riksbank’s Kerstin af Jochnick af Jochnick said.

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