Events listed in Sweden
European Commission approves extension of the risk weight floor for Swedish ...
ID 25739
Following the notification of the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and the European Commission (EC) of its intention to extend the risk weight floor of 25% for residential real estate loans in Sweden (EventID 22925), Finansinspektionen, FI, has published a follow-up on this matter. Specifically, **FI informs that the European Commission has not objected to its proposal to extend ...
The Riksbank’s Financial Markets Survey: Fixed income and foreign exchange markets ...
ID 25630
The Swedish Central Bank, Riksbank, has published the results of its second Financial Markets Survey 2023. The survey is conducted twice per year and addressed at all market participants active in the Swedish foreign exchange (FX) and fixed income markets. The purpose of the survey is to assess market activity and risks in the FX and fixed income market and the overall stability of ...
Protect consumers’ access to payment accounts
ID 25576
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish financial market regulator, Finansinspektionen ...
Political decisions needed urgently so that everyone can pay
ID 25545
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish Central Bank Riksbank has ...
The Riksbank offers central counterparties deposit and lending facilities
ID 25515
The Riksbank, Sweden’s central bank, has announced two important changes in its financial services for central counterparties (CCPs) that clear transactions in Swedish kronor and are participants in the RIX-RTGS system. These changes are intended to better support the financial infrastructure and stability of the Swedish monetary system by providing CCPs with more flexibility in managing their liquidity and helping the Riksbank maintain control ...
Fraudsters use Bitcoin as bait
ID 25489
Finansinspektionen (FI), the Swedish financial market regulator, has recently published a press release in view of the increasing prevalence of investment fraud targeting consumers, with a focus on fraudulent schemes related to cryptocurrencies, particularly Bitcoin, and loans. In this press statement, the regulator warns about recent fraud typologies it has observed in the third quarter of 2023. These include the following: (1) E-mail scams: ...
Legal positions
ID 25469
The Swedish financial market regulator, Finansinspektionen (FI), has issued a legal position (2023:1) with respect to the practice of offering insurance coverage for fines and administrative sanction fees resulting from non-compliance with regulatory requirements or criminal offenses. In this position, FI notes that providing such insurance is NOT in line with good insurance business practices as outlined in the Insurance Business Act. The regulator ...
Exchange rates to be published later in the day with ECB as new source
ID 25234
The Central Bank of Sweden, Riksbank, has published a press release to inform that is making several changes to its online service for interest rates and exchange rates: 1. Riksbank will begin using the European Central Bank (ECB) as a source for exchange rates instead of Nasdaq. Consequently, exchange rate quotations will be available on its website around 16:15 on Swedish banking days, which ...
Joint Statement by Riksbank and Bank of England on continuity of the effective ...
ID 25048
The Riksbank and the Bank of England (BoE), both Central Banks of their respective countries, have published a joint statement in which they committed to effective cooperation as regards the oversight of London Clearing House Limited (LCH), a London-based clearing house which is no longer subject to EU oversight since the UK left the Union. The BoE, as the supervisor of central counterparties (CCPs) ...
FI Supervision 27: Non-life insurance undertakings’ product approval processes
ID 25029
The Swedish financial market regulator, Finansinspektionen (FI) has published the findings from a review of product approval processes of supervised insurance undertakings. The review thereby examined – the determination and assessment of the target group, – the performance of product testing to ensure that a product meets the needs of the defined target group, and – the continuous oversight over launched insurance products. In ...