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Swedish FSA says new mortgage rules to apply from March
October 17, 2017 / 8:33 AM / 2 months ago

Swedish FSA says new mortgage rules to apply from March

STOCKHOLM, Oct 17 (Reuters) - Sweden’s Financial Supervisory Authority said on Tuesday stricter rules for repayment of mortgages will apply from March next year.

In May, the watchdog said it would introduce a tougher amortization requirement for highly indebted households to safeguard financial stability.

The FSA board will after a formal decision in November ask the centre-left government to approve the new rules. (Reporting by Daniel Dickson, editing by Terje Solsvik)

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