Events listed in [FI] Finansinspektionen
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Consumer Protection Report 2023
ID 24369
The Swedish Financial Market Regulator, Finansinspektionen, has released the Consumer Protection Report 2023. The report highlights key drivers of consumer risk for firms and briefly discusses areas where further regulation may be warranted to protect consumers from harm. #### Key drivers of consumer risk for firms The report identifies several key drivers, which include high interest rates coupled with high inflation leading to the ...