Northern European nations plan stricter banking rules

08/28/2013 | Bloomberg

Sweden and Denmark are planning increased regulation of systemically important financial institutions, requiring them to adhere to stricter capital rules than those in other EU nations. "Getting Sifi regulations in place in a number of southern European countries probably will take time," Danish Business Minister Henrik Sass Larsen wrote in an e-mail. "We must signal we are in control of things and thereby strengthen the market's and customers' confidence in them."

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