The crashes of niche banks in the U.S. have caused concerns about a new financial crisis to spread across the world and, according to several experts, there is a risk of spillovers. As yet, there are no signs of such a horror scenario, says SVT's economic commentator Alexander Norén.
"But it's the concern that it's still on the map that creates this banking research," he says.
IMF: Keep track of Swedish banks
The IMF notes that Swedish banks may have plenty of capital, but that one weakness is the large exposure to the real estate market. Above all, the IMF points to lending to the commercial real estate sector, which has a tough time when interest rates rise.
The conclusions were presented on Thursday in a report on the state of the Swedish economy. The IMF urges Swedish authorities to keep an extra eye on banks and mortgages. The IMF also expects growth in Sweden to slow down in the future due to higher energy prices, tighter financial conditions – and falling house prices.
"After the crashed US banks, all the world's banks are now being seen extra carefully at the seams," says SVT's economic commentator Alexander Norén.
Hear Alexander Norén in the clip above about the bank frenzy and the risks of a new financial crisis.