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Banking: Sweden

Volume 708: debated on Wednesday 25 February 2009

Question

Asked by

To ask Her Majesty's Government whether they will consult the Government of Sweden on their methods of dealing with their previous banking crisis, including nationalisation and re-privatisation, and financial penalties for the directors involved. [HL1453]

The current financial crises are global problems and require an international, as well as domestic, solution. The UK authorities have been heavily involved in work at both EU and international level to enhance the stability and resilience of the global financial system.

The Government will continue a close corporation with international colleagues.