March 16, 2017 / 1:01 PM / 6 months ago

Sweden's FSA to draw up proposal for capital rules for pension firms

STOCKHOLM, March 16 (Reuters) - Sweden’s government has asked the financial watchdog to draw up plans for how to implement capital requirements for pension fund firms, it said on Thursday.

“The government’s aim is to find a balanced solution that gives adequate protection for pensioners at the same time as it enables an effective management of occupational pensions,” Financial Markets Minister Per Bolund said in a statement.

The Financial Supervisory Authority has until Aug. 15 to draw up proposals for a flat-rate capital requirement as well as a risk-based measure and a minimum capital level.

Reporting by Simon Johnson; Editing by Daniel Dickson

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