... but not for Sweden?

More bank credit rating downgrades could prompt Sweden’s National Debt Office to leave the swaps market. That was the warning delivered to the International Swaps and Derivatives Association meeting in April by Erik Thedéen, head of the debt management department at the Debt Office.

“If the rating agencies start to downgrade more European banks, then we would exit from the swaps market,” Thedéen said. “That’s why some kind of central clearing mechanism is important, because it makes central c

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