As the fallout from Sweden’s general election on Sunday continues, the country’s minister for Financial Markets Peter Norman has announced that he is to leave politics. Norman is well known in Sweden’s funds industry, having been chief executive of the AP7 fund, as well has holding senior roles at Carnegie and Max Mathiesen. In government […]
Sweden’s minister for Financial Markets Peter Norman has considered whether the crash five years ago of Lehman Brothers could have been softened if there were more women in the industry – the Lehman Sisters debate also draws criticism of bonus culture (in Swedish).
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.
The handover of a report to Swedish Financial Markets minister Peter Norman into the rights of those investing and saving through the domestic life insurance industry has been welcomed by Skandia.
Sweden’s minister for Financial Markets Peter Norman has talked exclusively to InvestmentEurope about his views on the ongoing inquiry into the country’s AP funds, as well as European regulation, and the need for clearer fund fee information and personal finance knowledge at the retail end of the market.
Sweden’s AP funds, meant to act as “buffer” funds in the country’s long term savings structure, are starting to jostle for position as the government’s inquiry into their future gets closer to its 1 August reporting date.
There are mixed views as to whether the 80,000 investment savings accounts opened in Sweden since the start of the year represent a success or failure of one of the flagships of the government’s savings policy.
Peter Norman, Sweden’s minister for Financial Markets, has rebutted complaints from active fund managers about the effects of high frequency traders, a month after berating the domestic funds industry for not publishing details of how fees may reduce investor returns over time.
Swedish government proposals to apply a lower rate of tax on a new type of investment savings account have been welcomed by the Swedish Investment Fund Association (Fondbolagens förening).
Peter Norman, Sweden’s Minister for Financial Markets, has given his backing to Swedbank’s weekend announcement regarding its Tier 1 capitalisation objectives and share buyback programme.
The national programme of support for banks will not be extended beyond the existing deadline of 30 June 2011, Sweden’s government has announced.