Events listed in Sweden
The Riksbank to investigate year-end effect in SWESTR
ID 23534
The Central Bank of Sweden, Riksbank, has published a press statement to announce a survey as regards the use of the Swedish krona Short Term Rate (SWESTR). The SWESTR is a transaction-based reference rate that is calculated and published by the bank on a daily basis. The SWESTR is typically subject to the so-called year-end effect, which refers to a temporary decrease in the ...
The risks in the financial system have increased
ID 23524
The Central Bank of Sweden, Riksbank, has published a press release in which it outlines existing key challenges for maintaining stability in the financial system and markets particularly in view of a continuing high inflation. According to Riksbank, global inflation has risen rapidly since 2021, leading to tighter monetary policy and a rise in interest rates and causing assets prices to fall, interest-rate spreads ...
Stability in the Financial System (2023:1)
ID 23486
The Swedish financial supervisory authority, Finansinspektionen (FI), has published a brief summary of the most recent Financial Stability Report 2023:1 of Sweden’s Central Bank, Riksbank, which is published twice a year and which outlines key vulnerabilities in the financial sector. Similar to the issues addressed by Riksbank in its latest press release (please see EventID 21436 in this context for a detailed description), Riksbank ...
Updated approach to assessing Pillar 2 guidance for Swedish banks
ID 23484
Following a consultation (EventID 20573) on proposed amendments to its current so-called pillar 2 guidance which has been in place since 2020/2021 and which sets out recommendations for supervised institutions as regards additional capital buffer requirements based on their individual risk levels (determined by their stress test results), the Swedish financial market regulator Finansinspektionen (FI) has published a corresponding [finalization notice / consultation conclusion ...
FI Analysis No. 40: Winners and losers in the trading of meme stocks
ID 23441
The Swedish financial market regulator Finansinspektionen (FI) has published a press statement to announce the publication of a Staff Report which seeks to provide an understanding of the causes of skyrocketing securities prices of stocks like GameStop (also called meme stocks) and the subsequent sharp decline of such early 2021 and identify the key participants in the „meme stocks trading scheme“, the key losers ...
Capital requirements of Swedish banks as of Q1 2023
ID 23439
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 Q1 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 ...
New Staff Memo: SWESTR’s design is robust
ID 23361
The Central Bank of Sweden, Riksbank, has published a staff memo entitled “Some questions about the design of SWESTR“. SWESTR, the Swedish krona Short Term Rate, is a transaction-based reference rate (benchmark) computed and published by Riksbank. It is based on transactions in the money market and includes transactions from banks, financial corporations, non-financial corporations, and the Swedish National Debt Office. The memo contains ...
FI notifies the EU regarding the introduction of new risk weight floor for ...
ID 23241
On May 15, 2023, the Swedish financial regulator, Finansinspektionen (FI), published a press release to announce that it has sent a notification to the EU Commission and the European Systemic Risk Board (ESRB) to inform of its plans to introduce a new risk weight floor under Article 458 of the Capital Requirements Regulation (CRR) for corporate loans whose collaterals are commercial and residential properties. ...
New API for interest rates and exchange rates under development
ID 23103
The Swedish Central Bank, Riksbank, has published a press statement to inform that it is currently working on the development of a new, modern Application Programming Interface (API) which shall make it easier for users to „automatically retrieve interest rates and exchange rates from the Riksbank“. The new API, the so-called REST API, will replace Riksbank’s old SOAP API in due course, whereby the ...
The Riksbank’s Financial Markets Survey: Fixed income and foreign exchange markets ...
ID 23094
The Swedish Central Bank, Riksbank, has published the results of its first 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 ...