Swedish FSA says financial firms taking on high levels of risk

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STOCKHOLM, Nov 23 (Reuters) – The level of risk taken on by financial firms in Sweden is high and the commercial real estate sector is vulnerable to new shocks, the Financial Supervisory Authority said in a regular report on financial stability.

“It is high time to rebuild our resilience so we can resist the next crisis,” FSA head Erik Thedeen said in a statement.

“The level or risk taken on in the financial markets continues to be high and we see that commercial real estate companies have become more vulnerable.”

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Reporting by Simon Johnson; editing by Niklas Pollard

Our Standards: The Thomson Reuters Trust Principles.

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