• Sweden edition
 
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated.
Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
  Reply to this topic

Swedish banks underestimate mortgage risk

On the same day as interest rates are cut ...

byke
post 18.Dec.2012, 04:23 PM
Post #1
Location: Europe
Joined: 28.Oct.2008

Well, isn't that a coincidence.
And to what point have the government known that Swedish banks had underestimated such risks?
In fact, have they been an active part of such perversion of information?

I am guessing we will never know.
Since we dont talk about such things - thus such things dont exist.

http://www.businessweek.com/news/2012-12-1...-mortgage-loans

http://www.swedishwire.com/business/15668-...e-mortgage-risk
Go to the top of the page
+
Bender B Rodriquez
post 18.Dec.2012, 04:54 PM
Post #2
Joined: 25.Mar.2006

Ah, the old byke train of speculation.

I guess you don't follow Swedish media much?
Go to the top of the page
+
AW1
post 18.Dec.2012, 05:17 PM
Post #3
Location: Södermanland
Joined: 20.Mar.2012

QUOTE (byke @ 18.Dec.2012, 03:23 PM) *
Well, isn't that a coincidence.And to what point have the government known that Swedish banks had underestimated such risks?In fact, have they been an active part of such ... (show full quote)

Sweden is doing remarkably well for a country that is so utterly clueless, hopeless and in general useless. Don't you think? rolleyes.gif
Go to the top of the page
+
Yorkshireman
post 18.Dec.2012, 05:46 PM
Post #4
Joined: 22.Nov.2011

QUOTE (byke @ 18.Dec.2012, 04:23 PM) *
Well, isn't that a coincidence.And to what point have the government known that Swedish banks had underestimated such risks?In fact, have they been an active part of such ... (show full quote)

Good golly @byke, where have You been for the last year or so!!! ...even before summer Mr Borg gave a speech about how the banks needed to revise their risk-weights since their models were based upon historical data that is probably not be relevant in the current climate and that they were underestimating the risk, reserving far too little capital based upon those risk-weights. Swedenish bank's risk-weights have been way under most other countries for ages.

The Government has not underestimated the risks in this matter, the banks may have, in fact the Gov. has been pushing the banks to act.
Go to the top of the page
+
byke
post 18.Dec.2012, 05:55 PM
Post #5
Location: Europe
Joined: 28.Oct.2008

@AW1

I am not really at liberty to say how well the Swedish economy is doing, since much of the information relating to it is often wrong etc ... or as others like to put it "underestimated".

I know that growth forecasts have now been lowered, unemployment is growing and personal debt is ever increasing. While Imports are also expect to continue to fall.

So make of it what you will.
But again its hardly isolated from the economic fallout of Europe of this new safe haven of investment being touted a few months ago by Mr Borg.
Go to the top of the page
+

Reply to this topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN