Sweden

The European Commission has announced that it does not intend to object to FI's intention to introduce risk weight floors for bank loans to commercial real estate. This means that FI may implement the measure. On 12 May 2023, FI, through Article 458 of the Capital Requirements Regulation, informed the...

It will be possible to submit TR files, but feedback will not be sent until after 12 pm on Monday 12 June. This news item was originally published by the Swedish Financial Supervisory Authority (FI SE). For more information, please see the Source Link.

Finansinspektionen has decided to issue an injunction to the currency exchange company My Change Scandinavia AB (My Change) to immediately cease its operations. The reason is extensive and severe deficiencies in the firm’s work to combat money laundering and terrorist financing. My Change is a small currency exchange firm that...

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q1 2023. The capital requirements are published in order to illustrate the effect of Finansinspektionen's total capital requirement, including Pillar 2. Pillar 2 is...

Finansinspektionen has notified the Commission and the European Systemic Risk Board (ESRB) that it intends to introduce weight floor for commercial real estate in accordance with Article 458 of the CRR. This will replace the current Pillar 2 risk weight floors for exposures secured by commercial real estate. The...

Per Nordkvist, currently the deputy executive director of the Banking section, will take over as acting executive director. Karin Lundberg will thus no longer participate in FI's management team, and Per Nordkvist will replace her. Recruitment for the position will be begin shortly. This news item was originally published by the...

Finansinspektionen grants Swedish Financial Benchmark Facility AB (SFBF) authorisation as an administrator of STIBOR under the EU regulation on benchmarks (BMR). SFBF provides the benchmark STIBOR (Stockholm Interbank Offered Rate), which is a critical reference rate according to the BMR. The BMR, which entered into force in 2018, introduced not only...

Fraudsters want to establish a credible façade to be able to deceive consumers. One way of achieving this is to make it look like the consumer is being contacted by a real authority or a real company. This then creates trust, enabling the fraudster to convince consumers to pay...

FI has taken several measures since 2010 to reduce the risks associated with households’ high levels of debt. These measures include the amortisation requirements and the mortgage cap. FI welcomes the Government’s announcement today presenting an inquiry to look more closely at how these measures have functioned. FI's evaluations show...

The Government has appointed Camilla Asp to Finansinspektionen’s Board of Directors. Camilla Asp is currently the deputy director general at the Swedish Civil Contingencies Agency. Prior to this, she has held various roles at the agency, including as the head of the Crisis Preparedness and Civil Defense Department. Camilla Asp has...

Finansinspektionen presents a proposal for an update to its approach for assessing the size of the Pillar 2 guidance for Swedish banks. The proposal entails in part new intervals and an upper limit on how much the outcome of the sensitivity-based stress test can contribute to the final guidance....

FI is proposing to introduce risk weight floors for exposures towards the commercial real estate sector according to article 458 in CRR. At the same time the current risk weight floor under Pillar 2 would be removed. The new floors are proposed to enter into force on 30 September...