Between 8 am and 12 am on Tuesday 25 of June, maintenance updates will be done on the system for Periodic reporting. During this time, minor disruptions in the system may occur.
Erik Thedéen made the introductory speech at the first IOSCO SFN Stakeholder Meeting today.
Finansinspektionen (FI) has decided that Hoylu AB (Hoylu) must pay an administrative fine of SEK 2.1 million due to deficiencies in following the EU Market Abuse Regulation (MAR). Hoylu, a company in the field of communication, is an issuer listed on Nasdaq First North.
Finansinspektionen’s analysis of the non-mortgage lending market shows that most loans issued are small loans with a high effective interest rate and a short maturity. However, the majority of new lending has been driven by larger loans, and these loans are growing at the fastest rate. The households with the highest income take out the largest loans. If the interest rate rises, many borrowers will need to use a large part of their income to make their interest and amortisation payments
Both the global and the Swedish economies appear to be slowing down. Low interest rates – which have resulted in high risk-taking and rising asset prices – are expected to remain low for a prolonged period of time. Resilience in the Swedish financial system is satisfactory in general. However, even if the banks’ resilience is satisfactory overall, FI makes the assessment that they need more capital to cover the risks in their lending to commercial real estate firms.
The commercial real estate market plays a key role in financial stability. The financial position of commercial firms is currently satisfactory, but many firms are vulnerable to higher interest rates and weaker economic growth.
FI has analysed the commercial real estate market and makes the assessment that it is vulnerable to shocks.
Finansinspektionen (FI) considers the firms in the Swedish financial system to have sufficient resilience for withstanding a weaker economy. However, commercial real estate firms are vulnerable to shocks. FI therefore makes the assessment that the banks need more capital for these exposures. This is one of the conclusions in FI’s first stability report for the year, which is being presented today.
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 Q1 2019.