Swedish plans liquidity rules

SWEDEN plans to impose tough bank liquidity rules on its top four domestic lenders from 2012, three years ahead of the anticipated global phase-in, a senior regulator said yesterday.

“We hope to move forward with a liquidity coverage ratio (LCR) for the big banks. We are working on it for the four big ones,” Lars Frisell, chief economist at Sweden’s FSA regulator, said.

The move follows the news on Sunday that Sweden will force its banks to implement goldplated capital requirements ahead of the Basel III schedule.