Swedish FSA says financial stability better, but geopolitical risks weigh (updated)

Nordea Bank Abp

20/11/2024 07:29

(Adds FSA comment from paragraph 2)
       STOCKHOLM, Nov 20 (Reuters) - 
    Sweden's financial stability has improved in the last six
months, but the economy is weak and there is more uncertainty
about developments in the global economy and political
situation, the Swedish banking watchdog said on Wednesday.
    Sweden's economy has shrunk two quarters in a row and the
FSA said it expected a slow recovery while there were risks of
reversals.
        "The risk is that a worse geopolitical situation leads
to negative effects for global trade and energy prices," FSA
Director General Daniel Barr said in a regular report.
  
        The geopolitical situation also increases the risk that
the financial system could be targeted, the FSA said.
  
        "Those attacks could happen in different ways, for
example in the form of cyber attacks, disinformation,
infiltration or sabotage," Barr said.
  
        
  
     

 (Reporting by Simon Johnson, editing by Louise Rasmussen)
 ((simon.c.johnson@thomsonreuters.com; +46 70 721 1045; Reuters
Messaging: simon.c.johnson.reuters.com@reuters.net))