News

2023

FI Analysis No. 41: Commercial real estate firms may need to reduce their debt

In this analysis, we estimate how much Swedish listed and larger privately owned commercial real estate firms need to reduce their debt in a climate of rising financing costs and falling property values. We calculate the firms need to reduce their debt to maintain certain levels of interest coverage ratio and loan-to-value.

Stability in the Financial System (2023:2): Adjustments to higher interest rates remain to be made

The higher interest rate means that households and companies need to make adjustments to their finances. Finansinspektionen (FI) is now seeing a decline in risk-taking. However, the change in the state of the economy and uncertainty regarding how long the higher interest rates will remain pose a risk to financial stability. Commercial real estate undertakings with high debt are particularly at risk should the interest rates remain high. These are the conclusions of the second Stability Report of the year.

Monitor what your funds are costing you

2023-11-15 | Funds News Consumer

Today, almost all households invest in funds, either directly through private savings or indirectly through our pensions. However, close to one third of fund savers are unaware of how high the fund fee is and many risk paying too much for their savings. We are, therefore, now publishing the most common fees for some popular fund categories to help consumers monitor what certain funds cost.

TRS 2 system closed on 27 September

2023-09-14 | News Reporting Markets

TRS 2 system closed on Wednesday, 27 September.

Planned maintenance of the TRS 2-systems test environment

2023-08-29 | News Reporting Markets

The TRS 2 system's test environment will be closed for maintenance on Wednesday, 6 September.

Consumer Protection Report 2023

The risks given the highest priority in FI’s consumer protection work for 2023 are unaffordable lending, unsuitable investment products and investment fraud.

Open finance in Sweden

2023-06-28 | Fintech Reports News

Digitalisation introduces both opportunities and risks to the financial market. After conducting a new survey, FI has noted that broader regulation on how customer data can be shared with third-party providers could make it easier for consumers to compare financial products such as occupational pensions and mortgages.

On Saturday, 10 June, until Sunday, 11 June, TRS 2 will be closed for maintenance

2023-06-02 | News Reporting Markets

It will be possible to submit TR files, but feedback will not be sent until after 12 pm on Monday 12 June.

Updated approach to assessing Pillar 2 guidance for Swedish banks

Finansinspektionen has decided on an updated approach for assessing the size of the Pillar 2 guidance for Swedish banks. The updated method contains in part new intervals and an upper limit on how much the outcome of the sensitivity-based stress test can contribute to the final guidance.

FI Analysis No. 40: Winners and losers in the trading of meme stocks

2023-05-26 | Reports Markets

In 2021, Gamestop, a relatively unknown American company, experienced a sudden increase in its stock price. The price increase had been orchestrated by a group of investors who had collaborated via a social media platform and successfully drove up the price of the stock by 1,500 per cent within days. Other stocks, including AMC, had exhibited similar patterns, giving rise to the term "meme stocks" due to the humorous elements found in the online forums where these stocks were discussed.

Swedish Financial Benchmark Facility AB receives authorisation as administrator of STIBOR under BMR

2023-04-21 | BMR News Markets

Finansinspektionen grants Swedish Financial Benchmark Facility AB (SFBF) authorisation as an administrator of STIBOR under the EU regulation on benchmarks (BMR).

IMF assessment of the financial sector in Sweden is complete

2023-03-16 | Payments News Stability

During 2022, the International Monetary Fund (IMF) carried out a special assessment of the financial sector in Sweden, a so-called FSAP (Financial Sector Assessment Program). FSAPs are conducted regularly for member countries with systemically important financial markets. The most recent FSAP for Sweden by the IMF was in 2016.

Operational disturbances in TRS 2 on March 18–19

2023-03-07 | News Reporting Markets

There may be some minor disturbances in the TRS 2 system on March 18 and 19 in both the production environment and the test environment. The disturbances are due to planned maintenance. In the event of problems, rapporteurs are advised to try again later during the day.

TRS 2 system closed on Wednesday, 15 March

2023-03-02 | News Reporting Markets

TRS 2 system closed on Wednesday, 15 March.

Correction of TRS 2 validation

2023-01-20 | News Reporting Markets

All submitting entities that received incorrect validations with error codes CON-070 and CON-160 may now resend the incorrectly rejected transactions.

Authorisation as an administrator of STIBOR – FI assesses that the application is complete

2023-01-02 | BMR News Markets

Swedish Financial Benchmark Facility AB 's (SFBF) application to become an authorised administrator of STIBOR in accordance with the EU’s Benchmark Regulation (BMR) has of 2 January 2023 been assessed to be complete.

2022

A strategy to prevent greenwashing

Finansinspektionen will prevent greenwashing in the financial sector through preventive measures and supervisory activities. Today, in a new report that is submitted to the government, FI presents a strategy to prevent greenwashing.

Finansinspektionen’s strategy to prevent greenwashing

FI’s strategy for preventing greenwashing in the financial sector aims to safeguard the trust in sustainable investments and a sustainable finance market.

Roadmap for sustainable finance

In 2019, FI’s overarching mandate was expanded to include a responsibility to ensure that the financial system contributes to sustainable development. FI is also the responsible supervisory authority for a number of new regulations related to sustainable finance that are the result of the EU’s ambitious sustainability agenda.

Financial stability risks are increasing on the back of rising interest rates and a weakening economy

2022-11-29 | News Stability Markets

Rising interest rates, decreased risk-taking and a slowing economy are weighing on highly indebted commercial real estate firms and households. The rapid transition to higher interest rates and a decreased willingness to take risk means financial stability risks have increased since spring. At the same time, this transition may lead to lower risk-taking and indebtedness in the long run, thus lowering stability risks.

Stability in the Financial System (2022:2)

High inflation has led to rapidly rising interest rates. Given the current rapid change in conditions, both participants on the financial markets and borrowers need to transition quickly. In the short term, this means elevated risks and greater uncertainty.  The already high risks in the commercial real estate sector have continued to increase.

FI Analysis No. 37: Stress tests of funds’ liquidity risks

2022-11-29 | Funds Reports Stability

FI’s stress tests show that the majority of Swedish funds appear to be able to handle relatively large outflows in an effective manner. However, some corporate bond funds and a relatively large share of high-yield bond funds may experience liquidity problems under stressed market conditions.

TRS 2 system closed on Wednesday, 23 November

2022-11-21 | News Reporting Markets

The TRS 2 system will be closed for maintenance on Wednesday, 23 November. It will be possible to submit TR files, but feedback will not be sent until after the maintenance is completed.

SIP Nordic receives a warning and an administrative fine

2022-11-18 | News Consumer Markets

SIP Nordic Fondkommission AB (SIP Nordic) is receiving a warning and must pay an administrative fine of SEK 6.7 million.

Celina Fondförvaltning receives warning and administrative fine

2022-11-16 | News Consumer Markets

Celina Fondförvaltning AB (Celina) is receiving a warning and must pay an administrative fine of SEK 10 million.

Improperly issued error codes CON-070 and CON-160 may occur in the TRS 2 validation

2022-11-08 | News Reporting Markets

From around the 26:th of October it has occurred that Buyer and Seller LEI have been wrongly validated, which has resulted in improperly issued error codes CON-070 and CON-160.

The TRS 2 system’s test environment will be closed for maintenance on Wednesday, 9 November

2022-11-02 | News Reporting Markets

It will be possible to submit TR files, but feedback will be sent first after the maintenance has been completed.

Funds with sustainable investment as its objective

The Swedish Financial Supervisory Authority, Finansinspektionen (FI) has conducted an in-depth analysis of how managers of funds registered in Sweden that have sustainable investment as its objective (so-called Article 9 funds) meet the requirements on sustainability-related disclosures in the pre-contractual information they must provide to investors.