Minister uncertain about FSA requirements

Housing Minister Peter Eriksson is doubtful about the new amortisation requirement and believes other alternatives ought to be considered.

On Monday the Financial Supervisory Authority (FSA) is expected to make a decision about whether to introduce new tougher amortisation requirements. The issue is a difficult decision for the government as giving the go-ahead could entail risks, but stopping the proposal would undermine the FSA.

On Wednesday Financial Markets Minister Per Bolund (Green) criticised the opposition, calling its stance against the proposal “irresponsible”. However, party colleague Peter Eriksson expressed his uncertainty. “I think the amortisation requirement that was brought in recently has had mainly a positive effect. In the situation we have now it is more uncertain. I think that other possible measures ought to be considered,” he says. His main concern is that it would slow down housing construction.

Industry pleased with new ministers

New housing minister Peter Eriksson is a welcome choice for the big construction companies. High on the industry’s list are increased flexibility, investment in infrastructure and more obligations for municipalities.

Construction company NCC’s CEO Peter Wågström says, “Having a politician who has experience from municipal level, the Riksdag and the EU is a positive thing. That’s how you know how to make things happen.” Skanska’s Deputy CEO Anders Danielsson also highlights Peter Eriksson’s experience in negotiating and as a municipal politician. “Many decisions affect the local level so that is important,” he says.

Similarly industry and unions are pleased Sweden now has an EU and trade minister, Ann Linde. Maria Rankka, CEO of Stockholm’s Chamber of Commerce is pleased that trade issues will be given a boost.