Swedish Finance Minister Anders Borg
said he won’t cave to pressure from banks or the European Union
to harmonize standards and insists capital ratios in the largest
Nordic economy need to be higher than those elsewhere. 
“We will push ahead with higher capital requirements,”
Borg said in an interview in Stockholm. “We won’t take any
risks regarding theSwedish economy; we have a large banking
sector and highly indebted households, so we need to be sure
what’s ahead.” 
Some of Sweden’s biggest banks have argued the government’s
approach is hurting their ability to lend. Without harmonized
capital rules, banks will suffer competitive distortions, Nordea
Bank AB (NDA) Chief Executive Officer Christian Clausen has repeatedly
warned. Clausen, who is also president of the European Banking
Federation, said in February lenders need “one rule book.” 
Yet Borg’s tougher stance is supported by debt markets,
which have rewarded Sweden’s banks with some of Europe’s lowest
funding costs and default risks 

http://www.bloomberg.com/news/2013-05-20/swedish-banks-get-no-mercy-as-eu-agenda-ignored-nordic-credit.html 
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