Governor, Swedish Central Bank Stefan Ingves of Sweden
Ingves said in a statement on the banks Web site today.
quickly than expected, Ingves said today.
This happened in Sweden in the early 1990s, when Ingves was Under-Secretary and Head of the Financial Markets Department at the Ministry of Finance.
Ingves was of the opinion that the current Swedish financial regulatory regime is pretty inadequate on points 5 and 6 (in part because the special legislation that allowed him and others to take such dramatic action in the early 1990s expired in 1996.
Ingves said it was very costly if a financial system is unsound in a country.
Ingves said credit risk remains a problem in advanced economies.
well and price gains will probably accelerate.
Moreover, there are signs that food prices will increase rapidly over the coming year,' Ingves said in a speech today.
STOCKHOLM, Sept 24 (Reuters) - Swedish Riksbank Governor Stefan Ingves said on Wednesday the country's financial system was stable and its banks solvent, describing a $10 billion swap facility with the US.
Our assessment is that financial stability in Sweden is satisfactory and that the Swedish banks are profitable and solvent,' Ingves said in a statement.
STOCKHOLM, Nov 13 (Reuters) - Swedish Central Bank Governor Stefan Ingves said on Thursday the Nordic country's government may have to rethink its financial stability package unless more banks join the state-sponsored guarantee scheme.
Ingves is responsible for the work that the IMF is undertaking in this area.
Mr Ingves said there were parallels with the US crisis, citing the use of off-balance sheet vehicles to speculate on property.
But Riksbank governor Stefan Ingves said taking that stance was too risky and could leave inflationary expectations at a high level.
Governor Ingves said information since the previous meeting may give cause for concern on inflation.
STOCKHOLM - Sweden will see higher interest rates due to rising price pressures, but the outlook is clouded by slower-than-expected economic growth due to global economic turbulence, central bank Governor Stefan Ingves said in comments published on Monday.
Writing in daily Dagens Nyheter, Ingves said that the Riksbank has to weigh different and contradictory factors in its interest rate decisions.
Ingves said the outlook remained uncertain.
Ingves said the Riksbank would be measured in its response to developments.
bank chief Stefan Ingves said was a move to curb inflation.
var PageContent= ' Stockholm - The outlook for the Swedish economy in 2009 is bleak, although predictions are difficult to make, Swedish central bank governor Stefan Ingves said Wednesday.
The Swedish central bank\'s assessment is that the \'the global financial crisis will continue to impact the Swedish economy despite sizeable countermeasures,\' Ingves said in an op-ed piece in the Dagens Nyheter daily.
bank governor Stefan Ingves said Wednesday.
var RTR_ArticleBlurb = " STOCKHOLM (Reuters) - Swedish Central Bank Governor Stefan Ingves said on Thursday the Nordic country's government may have to rethink its financial stability package unless more banks join the state-sponsored guarantee scheme.
banks join the state-sponsored guarantee scheme.
Stefan Ingves is Chairman of the Executive Board and Governor of the Riksbank.
Mr Ingves is a member of the ECB General Council and a member of the Board of Directors of the Bank for International Settlements (BIS.
Mr Ingves has previously been Director of the Monetary and Financial Systems Department at the International Monetary Fund, Deputy Governor of the Riksbank and General Director of the Swedish Bank Support Authority.
Stefan Ingves is 52 years old and holds a PhD in economics.
National: 31 Dec 08The global financial crisis is set to continue to affect the Swedish economy in 2009, Riksbank chief Stefan Ingves said on Wednesday.
Money: 24 Sep 08Swedish central bank chief Stefan Ingves has said the country is financially strong and well prepared for the challenges posed by a global economic downturn.
Money: 14 Mar 07The Swedish Riksbank's director Stefan Ingves has said that interest rates should be raised, but not by much.
STOCKHOLM: The international financial crisis will likely deepen in 2009 and will probably wreak further havoc on the Swedish economy, central bank chief Stefan Ingves said yesterday.
75 per cent in what bank chief Stefan Ingves said was a move to curb inflation.
Stockholm - The outlook for the Swedish economy in 2009 is bleak, although predictions are difficult to make, Swedish central bank governor Stefan Ingves said Wednesday.