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| Author: | Burton, J. |
| Title: | Harmony in competition |
| Journal: | Banker
1989 : DEC, VOL. 139:766, p. 61-62, 65 |
| Index terms: | SWEDEN ECONOMIC INTEGRATION BANKS |
| Language: | eng |
| Abstract: | Review of harmonisation move in Swedish banking, in preparation for the 1992 single market, to reduce discrimination against Swedish firms. Protection against foreign competition. Losses among foreign banks. Prospect of foreign branches and partial ownership of Swedish banks. Competition among lenders and restricted foreign ownership of banks. Slow pace of change. Creating a pan-Nordic outfit. Abolition of foreign exchange controls. Turnover taxes. Ranking of Swedish banks. Rising costs. Interest rates. Capital ratios. Recommendations of Credit Market Committee and legal barriers. |
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