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Swedish FSA says financial firms taking on high levels of risk

By Reuters

STOCKHOLM – 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.”