Securum
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Securum was a Swedish state company founded in 1992 during the financial crisis in Sweden 1990 1994 for the purpose of taking on and unwinding bad debts from the partly state-owned Nordbanken bank. It followed a proposal made to the Swedish authorities by McKinsey & Co and based on better practices from the US banking crises of the 1980s (e.g., Savings & Loan, Resolution Trust Company and Mellon Bank). Many of the debts were owed by real-estate companies and it became a goal for Securum to stabilize the property market. The company was established when Anne Wibble was Finance Minister and Per…mehr

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Securum was a Swedish state company founded in 1992 during the financial crisis in Sweden 1990 1994 for the purpose of taking on and unwinding bad debts from the partly state-owned Nordbanken bank. It followed a proposal made to the Swedish authorities by McKinsey & Co and based on better practices from the US banking crises of the 1980s (e.g., Savings & Loan, Resolution Trust Company and Mellon Bank). Many of the debts were owed by real-estate companies and it became a goal for Securum to stabilize the property market. The company was established when Anne Wibble was Finance Minister and Per Westerberg was Minister for Business and Industry in the Government of Carl Bildt.