AMWatch

Worst functioning market in Sweden dragged before lawmakers

Sweden’s parliament is set to address shortcomings in the country’s credit market after evidence of its defects burst into public view.

Sweden's central bank, Riksbank | Photo: Riksbank

Dennis Dioukarev, who is a member of parliament’s finance committee for the Sweden Democrats, told Bloomberg that a motion addressing the credit market has now been submitted to the legislature. Proposed changes will target improved transparency, he said.

Sweden’s corporate bond market has emerged as a dysfunctional corner of an otherwise highly advanced economy. Trading in debt issued by Swedish companies froze in March, forcing 35 fixed-income funds to halt redemptions as investors fled.

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