In view of the latest failures of some U.S. banks and the troubles of the Swiss bank Credit Suisse, the Financial Stability Council (FSC) consisting of representatives of the Ministry of Finance, the Swedish Central Bank, the Swedish Financial Supervisory Authority, and the Swedish National Debt Office held an extraordinary meeting on March 21, 2023.
The minutes of the meeting were now published and indicate that the FSC sees no contagion risk as regards Swedish banks and other Swedish financial institutions, as Swedish banks have large liquidity and capital buffers and are profitable. In fact, the financial market in Sweden is functioning well, so the members. However, the members also recognize that future effects on the Swedish market cannot be ruled out which is why a continuous and close monitoring of the market is essential. In case any troubles arise in the Swedish banking segment, the Council will stand ready to take adequate action.
Minutes from the Financial Stability Council extraordinary meeting on 21 March 2023
ID
22405
Other Features
assessment
banks
credit
financial stability
interest rate
liquidity
own funds
resilience
risk
Date Published: 2023-03-21
Regulatory Framework: not applicable
Regulatory Type: information
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