New rules – a year in the making

With household debt levels rising to new highs, the heads of Sweden’s central bank, financial watchdog and debt office called on Monday for tougher mortgage repayment rules to be introduced as soon as possible in order to prevent a potential financial crisis. However, Per Bolund, the minister for financial markets, has said that tougher rules may not come into force before summer 2016. First of all, the government and the opposition must agree to give the Financial Supervisory Authority the legal powers to make new mortgage borrowers pay more than just interest on their loans.