The Big Interview: Goran Lind

In the early 1990s Sweden faced a severe credit crisis brought on by lax lending standards and poor credit risk management. The major contributor to the crisis was real estate lending, with almost two-thirds of losses being incurred through defaults on mortgage loans, and on commercial property loans. The parallels with the current global credit crisis are clear.

Facing a severe systemic threat, the Swedish authorities decided to take a pragmatic approach to solving the country's banking woes

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