Swedish Finance Minister Warns of Potential Stock Market Challenges

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Swedish Finance Minister Warns of Potential Stock Market Challenges
Photo: Christine Olsson/TT

The Minister for Financial Markets Niklas Wykman (The Moderate Party) says that "individual actors can get significant problems" in the current stock market turmoil.

The central task for us in this situation is to very carefully monitor if it occurs and have vigilance around spreading effects in the financial system, he says at a press conference due to the market situation.

Some such actors with problems have not been identified at present, but that it happens "cannot be ruled out".

Things can emerge that one has not anticipated.

On a question about how worried he is for a new financial crisis if the stock market fall continues, he says that "we are not there yet", but adds:

But it can occur. There is no such indication, but it can happen. And our work consists of being prepared.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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