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The heavy rescue for the crisis-hit company

this is a coordinated campaign on Friday, they decided two of the heaviest authorities of the financial sector to unleash the potential for loans in a total of

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The heavy rescue for the crisis-hit company

this is a coordinated campaign on Friday, they decided two of the heaviest authorities of the financial sector to unleash the potential for loans in a total of 1,400 million euro.

the Swedish financial supervisory authority (FI) reduces to the requirement that the so-called counter-cyclical capital buffer of 2.5% is set to 0.

to help banks in times of crisis. By reducing the requirement to zero, it will be the overall capital requirements on the Swedish banks of sek 45 billion lower, which, in turn, provides the opportunity to borrow another 900 billion dollars.

the sveriges Riksbank, on the side of the lend up to 500 billion kronor for the Swedish company, through the banks. The loans are for two years at 0 interest rate.

"In principle it's the money that we would expect that the banks will pass on to the businesses," said governor Stefan Ingves in a press conference on Friday.

the crisis of the new coronavirusets distribution has been triggered it can even turn to companies that are viable. And, above all, the small and medium-sized enterprises.

"Small-and medium-sized companies, two million people - that's half the Swedish economy," said mr Ingves.

Erik Thedéen, justifying the decision by the spread of the virus, has created an ”uncertain economic environment”.

In recent years, the boom in the economy, we have gradually built up the buffer to its highest level in the EUROPEAN union. Now is a time for the banks to use that money, " said Thedéen, at a press conference in moscow.

Thedéen, stressed that the banks have a major responsibility in the uncertainty of the situation in the economy due to the new coronavirus.

"the Banks are not profitable and do what they can to meet the needs that may arise," he said.

also, the banks did not raise the dividend on the basis of the decision and the inspection will be to follow up on that, when it carries out its supervision of banks.

"We're going to look very seriously at whether the banks will raise dividends have been paid on the basis of this decision," said Thedéen.

the Director-general also considers that the banks ' boards of directors should undertake a review of its dividend policy in response to the crisis.

"What any responsible board of directors to make," he added.

Thedéen is also said that the fin-fsa's assessment is that financial stability is not under threat at the present time, however, he said the situation is ”extremely uncertain”.

"We do not see a direct impact on the financial system," he said.

to be able to know that the money is actually going where it needs to go, replied Stefan Ingves is a member of the banks reporting to the national bank.

"We're going to learn what the banks are doing," he said.

it was that the Riksbank, unlike other central banks, did not cut interest rates.

"The measures that we are putting out is more efficient in the current situation, small changes in interest rates," he said.

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