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The Swedish central bank, the Riksbank wants to know how much debt people have amassed
Friday, 05 July 2013
It is an open secret the Swedish household debts are astronomical but
it seems the central bank does not know really how much people owe.
Therefore, it has requested such information to be sent to them ASAP by
the banks.
According to media reports, the central bank or the Riskbank is request
this information at the individual level via letter that the Swedish
banks should disclose anonymised data on their customers' debts.
The reason for this is that Riksbank's Executive Governors want to
obtain detailed knowledge of indebtedness among Swedish households.
Sweden has received criticism from the IMF for high household debt
levels and the Riksbank wants to make a deeper analysis of the
'assertion'.
While this information is already collected by the Financial
Supervisory Authority (FI), it is argued that the information is done
mostly through sampling.
The banks are said to be on their way to support the request and
plans to disclose details of all personal customers credit. The
information however is said to be anonymous.
by Scancomark.com Team