Nordea Move to Trigger Broad Review of Swedish Banking Rules

Sweden’s minister in charge of bank legislation says the country is reviewing its regulatory framework after Nordea Bank AB announced it was moving into the European banking union.
The Stockholm-based lender’s plan coincides with global regulator efforts to impose capital floors and a European revision of rules. Per Bolund, Sweden’s financial markets minister, says those developments will force a rethink of bank rules in Scandinavia’s biggest economy. “When the negotiations are completed we need to make an assessment of how that and Nordea’s relocation affect the design of Sweden’s capital requirements,” Bolund said in a written response to questions received on Sept.