Stockholm aspires to be "new Frankfurt"
AFP · 12 Jul 2006, 09:44
Published: 12 Jul 2006 09:44 GMT+02:00
It has formed a seven-member panel to propose ways of expanding Stockholm's banking, insurance, securities, derivatives, asset management and investment banking industries.
The move, which reflects intensifying competition between stock exchanges, is expected to involve changes to Sweden's tax and regulatory system to permit more cost-effective provision of financial services, the newspaper added.