UPDATE 1-Swedish FSA suspends forced mortgage amortisation due in Aug

April 23, 2015 6:43 AM

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STOCKHOLM, April 23 (Reuters) - The Swedish Financial Supervisory Authority (FSA) will not implement forced amortisation for mortgages as planned in August due to legal uncertainties, adding to policy makers' struggles to stave off a feared housing bubble.

"The FSA thinks a amortisation requirement needs to be implemented. At the same time the Swedish Administrative Court of Appeal in Jonkoping thinks the FSA lacks legal ground to decide on amortisation requirement," the FSA said in a statement.

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