News

Here, you can find information that FI has chosen to publish as news but cannot be found under other headings in the navigation structure.

2019

Timeframe for investigations into Swedish banks’ management of money laundering risks in the Baltics

During the month of July, FI sent notification letters to SEB and Swedbank as part of the investigations into the banks’ management and control of money laundering risks in Estonia, Latvia and Lithuania.

Capital requirements of Swedish banks as of Q2 2019

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 Q2 2019.

New Chief Legal Counsel

2019-08-19 | News About FI

Eric Leijonram named Chief Legal Counsel at Finansinspektionen.

FI’s Director General Erik Thedéen reappointed to ESMA’s Management Board

2019-07-11 | ESMA News About FI

FI’s Director General Erik Thedéen was reappointed to the Management Board of the European Securities and Markets Authority (ESMA) for a further 2½ year term.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 5 July not to change the countercyclical buffer rate. The buffer rate of 2.5 per cent, which will be applied as of 19 September 2019, shall thus continue to apply. The countercyclical buffer guide is set at 0.04 per cent.

Capital requirements of Swedish banks as of Q1 2019

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.

Nordic and Baltic financial supervisors enhance cooperation to fight money laundering

Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 6 May not to change the countercyclical buffer rate. The buffer rate of 2.5 per cent, which will be applied as of 19 September 2019, shall thus continue to apply. The countercyclical buffer guide is set at 0.15 per cent.

FI’s comments following publication in the media of extracts from verification letters

FI sends verification letters at an early stage of its investigation process, and the aim of this letter is to verify the facts of the case. Verification letters may at times also include preliminary assessments, but these assessments assume that the information FI received is correct and has been understood correctly.

TRS2 Test environment will be closed for an upgrade

2019-04-24 | News Reporting Markets

On Wednesday, 29 April 2019, the test environment of TRS2 will be closed and not available due to an upgrade to a new version of the system. Finansinspektionen will announce when the system is available again.

FI comments on the recent events involving Swedbank

Over the past few weeks, the media has reported on potentially major problems related to money laundering primarily in Swedbank’s Estonian operations. These reports have caused the bank’s share price to fall and had a negative impact on the bank’s reputation.

Report from Forensic Risk Alliance is part of FI’s investigation

FI has received a copy of Swedbank’s external review that was initiated by reports in the media of suspected money laundering in the Baltics.

FI has received report on suspected money laundering

FI confirms that it received a report from Swedbank on 1 March regarding suspected money laundering.

FI’s liquidity coverage ratio requirements in individual currencies and diversification of covered bonds in the liquidity buffer

2019-03-05 | Regulations News Bank

In this memorandum, Finansinspektionen (FI) develops its view on several specific areas of the EU regulatory framework for liquidity regulation.

FI’s comments regarding customer relationships and confidentiality

SVT’s investigative journalism program Uppdrag Granskning has reported on certain transactions that occurred through Swedbank’s operations in the Baltics.

Capital requirements of Swedish banks as of the fourth quarter 2018

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to the supervisory categories 1 and 2 as of the end of the fourth quarter 2018.

FI’s comments on the supervision of anti-money laundering activities in the Baltics

Due to the reports in the media regarding suspected money laundering in Swedbank’s Estonian operations, FI is issuing the following comments.

Joint statement by the Estonian and Swedish Financial Supervisory Authorities

Eesti Finantsinspektioon (the Estonian FSA) and Finansinspektionen (the Swedish FSA) consider the reports regarding suspected money laundering that yesterday were made public yesterday on Swedish television (SVT) to be very serious. It is extremely important that the banks’ senior management and boards of directors view these matters seriously and take all necessary actions to ensure compliance with laws and regulations.

FI’s comments on Uppdrag Granskning’s disclosures regarding suspected money laundering

FI considers the disclosures regarding suspected money laundering presented by SVT’s program Uppdrag Granskning to be very serious. FI’s Director General Erik Thedéen has made the assessment in several interviews in conjunction with the events in Danske Bank that the possibility of Swedish banks being involved in money laundering cannot be ruled out entirely, but that the scope is most likely more narrow than what has been identified in Danske Bank.

FI's comments regarding the supervision of money laundering

We consider the recent disclosures regarding money laundering and other regulatory infringements in Swedish banks to be very serious. It is extremely important for the banks' management teams and boards of directors to take these matters seriously and ensure that the banks are following the laws and regulations.

TRS 2 will be closed for servicing

2019-02-13 | News Reporting Markets

On Wednesday, 20 February, the TRS 2 system will not be available at the beginning of the day due to a service window. The system is planned to reopen after 4 p.m.

ESMA postpones changes to transaction reporting

2019-02-07 | ESMA News Reporting

The European Securities and Markets Authority (ESMA) has announced that the transition to the new XML Schema and updated validation rules will not occur on Monday, 18 February 2019, as earlier planned. It will now be postponed until Q3 2019.

Request for the release of documents, FI’s decision and the rulings of the Administrative Court of Appeal

FI would like to clarify which decisions FI has made, which decisions were appealed and which rulings the courts announced with regard to a number of investigations into money laundering at Swedish banks.

Statement regarding Nordic-Baltic financial crisis simulation, January 2019

2019-01-31 | News Markets Insurance

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European Union authorities. A staff member of the International Monetary Fund observed the simulation.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 30 January not to change the countercyclical buffer rate. The buffer rate of 2.5 per cent, which will be applied as of 19 September 2019, shall thus continue to apply. The countercyclical buffer guide is set at 0.29 per cent.

The Administrative Court of Appeal rejects Svenska Dagbladet’s appeal

The newspaper Svenska Dagbladet previously appealed FI’s decisions regarding drafts of assessments in investigation matters. The Administrative Court of Appeal of Stockholm announced its ruling in the case today. The Administrative Court of Appeal upholds FI’s decision and thus rejects Svenska Dagbladet’s appeal.

Banks need to prepare for new requirements on the IRB approach

2019-01-16 | News Bank

Finansinspektionen (FI) is encouraging institutions that apply the IRB approach to analyse their rating systems to ensure that these systems meet forthcoming new requirements. Under the new requirements, Swedish institutions will need to change their rating methods. Such changes require FI’s approval.

How FI will continue to handle the event where a member was declared in default on the commodity market

2019-01-09 | IOSCO ESMA News

FI is continuing to analyse the event that occurred in September 2018 when a member on the commodity market was declared in default. We describe here several of the issues that FI is currently analysing. We are also publishing a discussion paper that FI wrote to contribute to an ongoing international discussion on auctions as a method to manage a default in a central counterparty.

2018

The TRS 2 system is unable to create FD files at the moment

2018-12-07 | News Reporting Markets

At the moment, Friday, 7 December, the TRS 2 system is unable to create FD files (daily feedback).

TRS 2 upgraded to a new system version

2018-11-26 | News Reporting Markets

On Monday, 26 November, TRS 2 was upgraded to a new system version.

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