trending Market Intelligence /marketintelligence/en/news-insights/trending/lk2gkei6MulRn14iea1Jjw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Swedish FSA to propose measures to reduce growth in mortgage debt

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Swedish FSA to propose measures to reduce growth in mortgage debt

Sweden's Financial Supervisory Authority will propose new measures for a so-called debt brake in a bid to reduce the stockpile of household debt in the country, Reuters reported, citing a speech by Director General Erik Thedéen.

Under the proposal, which Thedéen said will be presented to the government in autumn, mortgage borrowers would be required to make higher payments if they had borrowed more than 450% of their gross income, or about 6x disposable income, according to the Oct. 3 report.

The Swedish government plans to hand the regulator broader regulatory powers in 2018, the newswire noted. Should the plan be brought to fruition, Thedéen said the FSA would assess whether more needs to be done to slow mortgage debt growth, which could include the introduction of a cap on borrowing with regard to household income in the future.