was fairly expected that Sweden was to have Canada Goose

Sweden proposes canada goose coats on sale tougher capital rules for banks

STOCKHOLM, Nov 25 (Reuters) Sweden said it planned to phase in tougher capital Canada Goose Online rules cheap Canada Goose for its canada goose four biggest banks, proposing core tier one capital Canada Goose Outlet ratios of 12 percent by 2015 to reduce the risk of a future crisis that might bring costs for taxpayers.

Nordea, the Nordic region biggest bank, is currently the only of canada goose coats the four with a core tier 1 level below 12 percent. It said on Friday it would reach canada goose outlet store locations cheap Canada Goose Jackets the canada goose outlet toronto factory 12 percent requirement and expeditionparkaoutlets would not have to change its dividend policy.

The government has said previously that banks ought to face higher hurdles than the regulatory standard in other parts of Europe because of canada goose clearance sale exposure to funding canada goose black friday sale in foreign currency, heavy exposure to Canada Goose Parka market funding, and Canada Goose online the size of the country banking system relative to buy canada goose jacket cheap its GDP.

government is canada goose clearance to propose higher buy canada goose jacket capital adequacy requirements for systemically important banks in an effort to strengthen the stability Canada Goose Coats On Sale of the Swedish banking system and reduce the vulnerability of the Swedish economy, the finance ministry canada goose replica said.

The capital requirements are tougher than the minimum requirements in Basel III. Sweden financial watchdog had previously said it wanted banks to hold 10 12 percent core tier one capital canada goose store without being specific about the timing.

The Riksbank said the move would more stable banks, prevent future crises and thus reduce the risk of costs for tax payers adding major banks were well capitalised and already close to the proposed requirements.

Swedbank economist 2018 canada goose outlet Knut Hallberg said banks were in a fairly good position and would need no new capital to meet Canada Goose sale the requirements. was fairly expected that Sweden was to have Canada Goose Jackets a slightly higher level of ambition (than Basel III).

expect to conduct our business as usual, Rodney Alfven said. do not anticipate canadian goose jacket any restrictions or that we will have to take any actions other than that we canada goose deals should pursue being a strong and profitable bank. (Reporting by Helena Soderpalm; Additional reporting by Johan Sennero, Daniel Dickson, Sven Nordenstam, Mia Shanley and Anna Ringstrom; Editing by Dan Lalor).

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