Events listed in Sweden
New issue of the Riksbank’s journal Economic Review
ID 26385
This issue of the economic review concentrates on the operational framework for implementing the monetary policy. The document is divided into three parts: 1. Detailed explanation of what an operational framework for monetary policy is The central bank’s job is to stabilize the economy. It does so by setting interest rates, lending and buying/selling securities at different maturities than the usual market practice, ensuring ...
FI Analysis No. 43: d-SRI: A systemic risk indicator for Sweden
ID 26272
The FI has performed an analysis on the Swedish economy using the d-SRI (developed by the ECB based on the risks that led to crises in the past) and data from the Swedish Central Bank to cater the country’s domestic condition. d-SRI is intended to detect early signs of an upcoming crisis caused by domestic factors. 6 factors that make up the d-SRI are: ...
FI extends the risk weight floor for Swedish mortgage exposures
ID 26267
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), has published a press release as regards its intention to extend the risk weight floor of 25% for Swedish retail mortgage exposures of institutions using the internal ratings-based (IRB) approach to calculate risk-weighted exposure amounts for credit risk and subsequent capital requirements. Specifically, FI informs that the European Commission and the European Systemic Risk Board (ESRB) have ...
FI leaves the countercyclical buffer rate unchanged
ID 26225
The Swedish financial supervisory authority, Finansinspektionen (FI) has published a press release to announce its decision to leave the countercyclical buffer rate unchanged. Based on the Capital Buffer Act (2014:966) which requires FI to quarterly review the buffer rate and amend it as needed, the regulator has determined that the countercyclical buffer of 2% which already applies since June 22, 2023 currently seems adequate. ...
Banking package close to completion
ID 26213
The last parts of Basel III will be implemented as per the „banking package“ approved in December 2023 (see eventid=24579 for details). In this light, FI plans to thoroughly analyse the impact and changes, which will be put in place starting 1 January 2025, ensuring that capital requirement is not likely to be increased immediately. Moreover, FI is taking a conservative approach and claims ...
Stability in the Financial System (2023:2): Adjustments to higher interest rates ...
ID 25977
The Swedish financial supervisory authority, Finansinspektionen (FI), has published its latest financial stability assessment, which is published twice a year and outlines key vulnerabilities in the financial sector. In 2023, global inflation decreased and is expected to drop further in 2024. However, uncertainty persists regarding central banks‘ actions and interest rate trends, as outlooks remain uncertain and unstable. Furthermore, high interest rates have already .. ...
Capital requirements of Swedish banks as of Q3 2023
ID 25924
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), has published a press release to inform of the availability of the latest capital requirements of Sweden’s largest banks and credit institutions in supervisory categories 1 and 2 at the end of Q3 2023. The capital requirements are thereby published for Sweden’s three major banks, Handelsbanken, SEB and Swedbank, as well as for Länsförsäkringar, Klarna, Kommuninvest, Svensk ...
Comparative figures for fund fees
ID 25822
Finansinspektionen, the financial market regulator in Sweden, has published a press release primarily addressed at retail investors to offer guidance to investors on choosing investment funds, particularly in view of their fees and the potential impacts of such on investment returns. In detail, Finansinspektionen distinguishes between index funds, which mirror an equity index and typically have lower fees, and actively managed funds that aim ...
On 27 November, several changes will be made to the service “Search interest rates ...
ID 25774
As previously announced, the Swedish central bank, Riksbank, has now published a press release to inform that on November 27, the bank’s „Search interest rates and exchange rates“ service will finally undergo the announced changes which include the following: (1) New source and publication time for exchange rates: As announced before, the Riksbank will now use the European Central Bank (ECB) as a source ...
Higher interest rates challenging highly indebted companies and households
ID 25740
In view of the recent publication of Riksbank’s Financial Stability Report 2023:2, the Central Bank has released an accompanying press statement in which it informs of the key risks identified for financial market stability during its latest assessment. According to the report and the enclosed press release, the following key issues may pose (significant) risks to market stability: **(1) Impact of higher interest rates ...