A stable, well-functioning financial market for allA stable, well-functioning financial market for allNews & Published Material
Here you can find everything that has been published in different news lists on www.fi.se.
2025
New street address for FI
On 14 April, FI will relocate to a new address, Sveavägen 44.
The Swedish Mortgage Market: Households need to have margins for an uncertain future
The conditions for household finances improved in 2024. As many as 8 out of 10 households chose a variable interest rate, which is a higher share than in previous years. But the economic development is uncertain. Households need to allow for continued high housing and living costs. These are some of the conclusions from this year’s report on the Swedish mortgage market.
Legal Position: Rule interpretation for deposits via digital platforms
An increasing number of banks and other credit institutions are offering savings via digital deposit platforms. This makes them more vulnerable since the deposits volume could decrease rapidly. FI notes in a report that some of the institutions do not sufficiently consider these risks, in part when calculating the liquidity buffer required for such deposits. A legal position specifies how we will interpret the rules.
Household savings in Sweden
Swedes hold a large amount of financial assets, but the distribution of these assets is very uneven. Most Swedes hold a small amount of financial assets, while 5 per cent of the population holds approximately half of all assets. Few have direct savings in shares or funds. Those with large loans can be vulnerable to weakened economic conditions and therefore in general have a greater need for a financial buffer. FI’s data indicates that many mortgagors hold a small amount of assets, at least with the same bank where they have their mortgage.
Anoto Group receives a caution and an administrative fine
Finansinspektionen has decided to issue Anoto Group a caution and an administrative fine of SEK 900,000 for violations of the rules governing the preparation of annual and consolidated accounts.
Swedish Pensions Agency receives a remark
Finansinspektionen (FI) is issuing the Swedish Pensions Agency a remark for deficient risk control of investments in Heimstaden Bostad AB.
Reciprocation of Norwegian systemic risk buffer
Finansinspektionen has reciprocated the Norwegian Ministry of Finance decision to maintain a 4,5 percent systemic risk buffer for exposures in Norway. The decision applies to Swedish institutions exposures in Norway.
FI leaves the countercyclical buffer rate unchanged
In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the first quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
How FI reviews money laundering risks in the financial sector in 2025
There is a high risk that the financial system is used by criminals to launder money and commit other crimes. In 2025, the Financial Supervisory Authority (FI) will prioritize its review to sectors and services where the risks of money laundering are elevated.
FI is publishing banks’ effective capital headroom
Starting today, FI will now publish banks’ effective CET 1 capital headroom every quarter. This will show how much of the banks’ buffer is available to cover losses before a bank breaches a regulatory requirement or its Pillar 2 guidance. By publishing this information, FI will make it easier for market participants and other stakeholders to interpret the banks’ capital headroom.
Capital requirements for Swedish banks as of Q4 2024
Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q4 2024.
FI Analysis No. 48: Share of consumer credit debt registered with Swedish Enforcement Authority increases during economic downturns
In 2020, almost 130,000 individuals had a debt registered with the Swedish Enforcement Authority that was related to consumer credit. Since the end of 2020, the general price level has increased (inflation) by almost 20 per cent. The Riksbank raised the policy rate during the same period, making it significantly more expensive to borrow money. In 2023, just over 160,000 individuals with consumer credit had new debts registered with the Swedish Enforcement Authority, which represents an increase of 23 per cent since 2020. The new debts, measured in SEK, that were related to consumer credit were 51 per cent higher than they were in 2020.
Direct contributions to reserves from shareholders as CET1 capital
European Banking Authority (EBA) has clarified which conditions direct contributions to reserves from shareholders should meet in order to form part of firms’ Common Equity Tier 1 capital (CET1 capital) according to the rules laid down in the Capital Requirements Regulation (CRR). According to the CRR a contribution may be classified as CET1 capital if the contribution satisfies certain conditions.
MoU between SRB, ECB, SNDO and FI
A Memorandum of Understanding has been signed between the Single Resolution Board (SRB), the European Central Bank (ECB), the Swedish National Debt Office (SNDO) and Finansinspektionen (FI) to strengthen supervision and resolution cooperation.
Executive Director Åsa Larson to leave FI
Åsa Larson will step down from Finansinspektionen and her role as the executive director of Insurance.
Executive Director Per Nordkvist to leave FI
Per Nordkvist will step down from FI and his role as the executive director of Markets.
The TRS 2 system closed on 14 January
The TRS 2 system will be closed for maintenance Tuesday, 14 January 2025.
2024
FI Analysis No. 47: The 2023 Banking Turmoil – Could What Happened in the US and Switzerland Also Happen in Sweden?
During the spring of 2023, one Swiss bank and several US banks failed. Multiple actors in both the US and internationally have analysed the underlying causes. We summarise the findings of these reports as follows: there was a lack of internal governance and control, there were deficiencies in the supervision, and several of the banks were not fully subject to the Basel regulations.
FI leaves the countercyclical buffer rate unchanged
In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the fourth quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
Partner Fondkommission receives a remark and an administrative fine
Finansinspektionen is issuing Partner Fondkommissionen AB (Partner) a remark and an administrative fine of SEK 100,000.
Klarna receives a remark and an administrative fine
FI is issuing Klarna Bank AB (Klarna) a remark and an administrative fine of SEK 500 million for violating the anti-money laundering regulations.
FI Supervision 30: The banks can strengthen their sanction screening
FI has tested the effectiveness of 19 banks' automated sanction screening systems. The result shows that the effectiveness of the systems that the banks use could be higher and that there is room for some banks to improve their work in this area.
AI increasingly common in the financial sector, but risk management is lagging behind
The new generative AI technology has spread rapidly and extensively throughout the Swedish financial sector. At the same time, the work to manage the risks accompanying the new technology is lagging behind. These are FI’s findings following a survey of firms’ use of AI.
FI maintains level of systemic risk buffer for major banks
The three major banks – SEB, Handelsbanken and Swedbank – will continue to maintain a systemic risk buffer of 3 per cent at group level. This decision was made following FI’s biennial review of the systemic risk buffer in accordance with the European Capital Requirements Directive.
Updated Q&A on reporting under the Anti-Money Laundering Act
As we approach the starting point for the 2025 periodic reporting under the Anti-Money Laundering Act, a number of new questions have arisen. We have therefore updated our Q&A about this periodic reporting.
TRS 2 system closed 4−5 December
The TRS 2 system will be closed for maintenance Wednesday, 4 December and Thursday, 5 December 2024.
Capital requirements for Swedish banks as of Q3 2024
Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q3 2024.
Stability in the Financial System (2024:2): Improved outlook, but risk of set-backs
The outlook for financial stability has improved somewhat in the past six months. Sweden continues to experience a mild economic downturn, but interest rate cuts are contributing to improved optimism about the future. At the same time, the uncertain global economic and geopolitical situation is leading to heightened risks, in part in the form of cyber attacks. These are the conclusions of FI’s second stability report for the year.
Amal Express shall pay an administrative fine
Amal Express Ekonomisk förening shall pay an administrative fine of SEK 100,000.
FI proposes enhanced preventive work in efforts to prevent investment fraud
An increasing number of consumers are falling victim to investment fraud. In a report to the Government, FI proposes, among other things, enhanced work to prevent investment fraud.
