Events listed in Sweden
TRS 2 system closed on 27 September
ID 24937
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), has published a press release in connection with trade reporting to its TRS 2 System, FI’s transaction reporting system to which investment firms and trading venues that „deal“ in securities and / or that undertake management services on behalf of clients must report certain transactions. Specifically, the regulator informs that **the system will be closed on Wednesday, ...
New risk weight floors for bank loans to commercial properties
ID 24933
Following the announcement of the Swedish financial regulator, Finansinspektionen (FI), of the EC’s and the ESRB’s approval of its request to introduce new risk weight floors under Article 458 of the Capital Requirements Regulation (CRR) for corporate loans whose collaterals are commercial and residential properties (EventID 22315), FI has now published its final decision in this matter. Thereafter, the below noted new risk weight ...
FI notifies the EU regarding extension of the existing risk weight floor for ...
ID 24920
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), has published a press release regarding the extension of the risk weight floor 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 has notified the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and the European Commission . ...
FI leaves the countercyclical buffer rate unchanged
ID 24919
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 will applies since June 22, 2023 currently seems adequate ...
IMF launch Regional Nordic-Baltic Technical Assistance Report on “Financial Flows ...
ID 24820
The Central Bank of Sweden, Riksbank, has published a press statement to inform of the publication of the **International Monetary Fund (IMF) Regional Nordic-Baltic Technical Assistance Report on „Financial Flows Analysis, AML/CFT Supervision, and Financial Stability“. The report presents the findings from a „technical assistance project on Anti-Money Laundering (AML) and the Countering of the Financing of Terrorism (CFT)“ in which the IMF – ...
Capital requirements of Swedish banks as of Q2 2023
ID 24735
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 Q2 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 ...
Work on e-krona entering new phase
ID 24706
The Central Bank of Sweden, Riksbank, has published a press release to provide an update on its work concerning the e-krona, a possible central bank digital currency (CBDC) representing the Swedish krona in digital form. Thereafter, the Central Bank is now entering a new phase in its efforts, shifting the focus towards designing the e-krona and evaluating necessary legislative adjustments should the Swedish parliament, ...
Warnings for investment fraud continue to increase
ID 24643
The Swedish financial market regulator, Finansinspektionen (FI), has published a press statement to inform and make aware of the continuing trend in investment fraud. In the press release, the regulator presents some latest statistics in this matter and outlines some common patterns observed in this context which may help firms and retail investors alike to prevent falling victim to such fraud. Specifically, FI notes ...
New mapping of the investment fund sector’s cross-border links
ID 24584
The Central Bank of Sweden, Riksbank, has published a staff memo entitled: „New mapping of the investment fund sector’s cross-border links“. The memo contains an analysis of the interlinkage of (Swedish) investments funds with other countries and jurisdictions. Such interlinkages primarily come through – the investment of Swedish investment funds in non-Swedish assets (e.g. equities of high-tech firms); – foreign investments in Swedish investment ...
Large Swedish banks show resilience in EU stress test
ID 24495
Following the publication of the 2023 bank stress test results by the European Banking Authority (EBA) (please see EventID 22384 in this context), the Swedish financial market regulator Finansinspektionen (FI) has published a statement in this context. Therein, FI informs of the stress test and of the performance of the participating Swedish banks and describes how it will take into account the results of ...