Sweden Ousts Top Finance Regulator After Public Outcry (1)

Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest.

Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, according to a statement from the minister of financial markets on Thursday.

He has overseen the FSA while it audits his work from a prior position, putting him in an “unusual situation,” it said.

Daniel Barr

Source: Finansinspektionen

Questions have been swirling in recent weeks on how Barr can steer an organization that is probing bets in landlord Heimstaden Bostad by Pensionsmyndigheten. He was leading ...