March 16, 2020 / 1:48 PM / 14 days ago

Swedish banks allowed to temporary breach liquidity ratios - FSA

STOCKHOLM, March 16 (Reuters) - Swedish banks will be allowed to temporary undershoot the liquidity coverage ratio (LCR) for individual currencies and for their total currency exposure, the financial watchdog said on Monday.

"The purpose of this measure is that the liquidity requirement should not hamper sound financing operations for the banks in the current situation," the Swedish Financial Supervisory Authority said in a statement.

Reporting by Johan Ahlander; Editing by Simon Johnson

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