Swedish banks must meet higher capitalisation requirements
Peter Norman, Financial Markets minister in Sweden, has reiterated a demand that banks in the country meet tougher capitalisation requirements, because the sector is bigger in proportion to the economy than is the case in most European countries.
Norman made the statement during a seminar hosted by Deloitte and business magazine Affärsvärlden at the annual Almedalen week, when policymakers from different political parties put forward their views during a series of meetings open to the public.
“A large banking sector is good for the country in good times, but is disturbing if things are bad,” Norman said.
However, the seminar also raised the issue of shareholder responsibilities.
“If the worst happens again, then shareholders will pay for the party down to their last krona,” Norman added.