Swedish administrative court of appeal says rejects mandatory amortisation proposal

October 26, 2015 2:59 PM

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STOCKHOLM Oct 26 A proposal to give the Swedish Financial Supervisory Authority (FSA) the mandate to implement forced amortisation was rejected by a administrative court on Monday in the latest setback to plans to rein in household debt in Sweden.

The Swedish Administrative Court of Appeal in Jonkoping said it did not think FSA should have the right to impose such measures on individual households.

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