Ingves sees cross-border resolution lessons from Swedish crisis
Crisis in early 1990s prompted Swedish authorities to take early action on resolution
The Swedish financial crisis of the early 1990s has pushed Nordic authorities to better prepare for the demanding process of cross-border resolution, Stefan Ingves said on February 2.
The crisis laid bare problems of co-ordination, legal complications due to confidentiality and the political difficulty of one country having to bail out another's banks, the Sveriges Riksbank governor told a conference organised by the International Monetary Fund and Basel Committee on Banking Supervision.
Since
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