Recent news

We list here recent news from the banking sector.

2017

FI recognises the risk weight floor for Finnish mortgage exposures

2017-12-27 | Mortgage News Stability

Finansinspektionen has passed a decision to recognise the Finnish supervisory authority’s decision to implement an average, firm-specific risk weight floor of 15 per cent for Finnish mortgage exposures.

More efficient handling of applications to use the IRB approach for credit risk

Finansinspektionen (FI) is changing its procedure for handling of applications for permission to use the IRB approach for credit risk.

FI establishes an innovation centre

2017-12-01 | Fintech Reports Markets

FI is establishing a fintech innovation centre that will provide information to and maintain a dialogue with companies conducting innovation-based business. This centre and additional initiatives are presented in FI's report to the Government regarding an assignment.

Stability in the Financial System (2017:2)

2017-11-29 | Reports Consumer Markets

The Swedish economy continues to be strong and interest rates are extremely low, which contributes to high asset prices and low risk premiums. As global interest rates rise in the future, there is a risk for an abrupt increase in risk premiums and a fall in asset prices, which could be stressful for the financial system.

Capital requirements of Swedish banks as of the third quarter 2017

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the third quarter 2017.

Proposal for a stricter amortisation requirement for households with high loan-to-income ratios

2017-11-13 | Mortgage News Stability

FI is proposing changes to Finansinspektionen’s regulations (FFFS 2016:16) regarding amortisation of loans collateralised by residential property. The regulations cover mortgages granted by credit institutions, i.e. banks and credit market companies.

Erik Thedéen: Incentives vs. risk

“The fundamental problem is the potential conflict that inherently arises from the interplay between economic incentives and excessive risk-taking”, said Erik Thedéen in a speech on Thursday at the School of Business, Economics and Law at the University of Gothenburg. Erik Thedéen analysed the causes underlying this problem and presented some of the measures introduced to mitigate it.

Decision regarding the countercyclical buffer rate

FI decided on 25 October not to change the countercyclical buffer rate. The buffer rate of two per cent, which has applied since 19 March 2017, shall thus continue to apply.

Information about forthcoming periodic reporting in accordance with Finansinspektionen’s regulations FFFS 2017:11

On 1 August, the new Money Laundering Act entered into force as well as FI’s new regulations. According to these new regulations, firms under FI’s supervision must report data that enables FI to assess the risk that firms will be used for money laundering and the financing of terrorism.

Commercial real estate and financial stability

FI:s director general Erik Thedéens speech about commercial real estate and financial stability held at the conference DI Bank in Stockholm 10 maj 2017.

Comments on Nordea's decision to move its head office

2017-09-06 | News Bank

Nordea passed a decision today to move its head office to Helsinki. The bank represents a large part of the Swedish financial market, but it is too early to say how the decision will impact Finansinspektionen’s supervision.

Banking capital in times of stress

Erik Thedéen, FI's Director General, speech at the UBS conference: 20th Annual Nordic Financial Services Conference in Stockholm.

Capital requirements of Swedish banks as of the second quarter 2017

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the second quarter 2017.

FI’s Pillar 2 capital assessment method for systemic risk associated with securitisation

Finansinspektionen considers it to be necessary to implement a back-stop within Pillar 2 to limit effects on the total credit supply from systemically critical securitisation. FI is publishing today a method that it intends to use during its capital requirements assessment.

FI:s response to the EU Consultation on FinTech: A more competitive and innovative European Financial Sector

Finansinspektionen has responded to the Commission Consultation Document on FinTech: A more competitive and innovative European Financial Sector.

FI’s view on financial stability and the risks for financial imbalances

Erik Thedéen visited the Committee on Finance today for a Q&A session. He discussed the unprecedented economic conditions that Sweden is currently experiencing.

Capital requirements of Swedish banks as of the first quarter 2017

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the first quarter 2017.

Swedish banking requirements for financial stability should be safeguarded

The design of the Swedish regulations for capital adequacy and crisis management is appropriate for reducing the risk of financial crises and ensuring effective management if a crisis were still to occur. This is the conclusion reached by Finansinspektionen (FI) and the Swedish National Debt Office in a joint report. The report emphasises that Sweden should safeguard national discretions in the framework of banking requirements in ongoing EU negotiations.

Decision regarding the countercyclical buffer rate

FI decided on 27 April not to change the countercyclical buffer rate. The buffer rate of two per cent, which has applied since 19 March 2017, shall thus continue to apply.

Updated categorisation of Swedish credit institutions

2017-04-27 | EBA News Bank

FI has updated its supervision categorisation of Swedish credit institutions for 2017. Two credit institutions have changed category.