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Swedish Government: Instruction for greater oversight of financial companies

( May 12, 2010, 10:07 GMT | Official Statement) -- MLex Summary: The Swedish government has instructed the financial regulator to assess the need for an alternative to the existing regime whereby some companies in the financial sector only need to register with the authority without being subject to full oversight. The aim is to see whether regulation needs to be increased for financial institutions, deposit companies and savings and loan associations, including SMS-loan providers.The full statement follows (in Swedish):...

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