Sweden's government to give power to FSA to tighten mortgage rules

May 20, 2015 1:44 PM

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STOCKHOLM May 20 The Swedish government aims to give an extended mandate to the country's financial watchdog so it can introduce planned tighter regulation on mortgage repayments, the country's financial markets minister said on Wednesday.

A move to impose mandatory amortisation on new mortgages had to be withdrawn in April as the Swedish Financial Supervisory Authority (FSA) lacked the legal mandate to introduce it.

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