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.

2017

FI recognises the risk weight floor for Finnish mortgage exposures

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.

AIFM reporting to Finansinspektionen

2017-12-22 | ESMA News Reporting

Finansinspektionen (FI) has identified common errors in the AIFM reporting. FI includes below a list of the most common errors as well as a description of how AIF-managers should fill in the rows in ESMA’s reporting forms.

ESMA and FI publish transparency calculations for MiFIR/MiFID II

2017-12-07 | ESMA News MiFID

ESMA, the European Securities and Markets Authority, has published transparency calculations for equities and bonds prior to the entry into force of MiFIR/MiFID II on 3 January 2018. FI will also publish some supplementary calculations.

Important information about transaction reporting in accordance with MiFID

2017-11-27 | News Reporting MiFID

The last trading date for transactions in financial instruments that must be reported to FI’s current transaction reporting system, TRS, is 2 January 2018. The TRS system will be open until 23:59 PM on 12 January 2018 to receive transactions and/or cancellations of transactions in accordance with MiFID with trading dates up to an including 2 January 2018.

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.

Operational disruptions in the TRS 1 system

2017-11-20 | News Reporting Markets

There will be operational disruptions in the TRS 1 system today, 20 November 2017. The disruptions affect rapporteurs submitting encrypted files.

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

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.

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.

Delayed publication of short-selling notification

2017-10-19 | News Markets

Finansinspektionen was late with its publication of a short-selling notification from Coatue Management.

ESMA publishes reference data and instructions for downloading files

The European Securities and Markets Authority (ESMA) has published instructions on how to access the reference data that is covered by the MAR and MiFID II/MiFIR regulations. The EU authority has also published current reference data that is available for download.

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.

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.

Decision regarding the countercyclical buffer rate

FI decided on 14 July 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.

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.

New page about transaction reporting for MiFID2/MiFIR

2017-05-17 | News Reporting MiFID

A new webpage is now available with information about the transaction reporting required under MiFID 2/MiFIR.

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.

Preschool children can learn about personal finances

A feasibility study conducted by Finansinspektionen in collaboration with Mälardalen University has determined that it is possible to teach preschool children about money and finances. Small children are happy to talk about money, but preschool teachers are not experienced in talking to them about personal finances.

Welcome to FI’s Consumer Protection Day on 11 May 2017

2017-04-27 | News Consumer

On Thursday, 11 May, it is once again time for FI’s Consumer Protection Day. Director General Erik Thedéen and Executive Director Malin Omberg will present FI’s work with consumer protection on the financial market. The agenda includes a discussion surrounding over-indebtedness and the measures available to counteract such a development. The moderator is Willy Silberstein. Please note that the programme will be held in Swedish.

Decision regarding the countercyclical buffer rate

FI decided on 29 March 2017 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. The countercyclical buffer guide is set at 0 per cent.

FI’s 2016 Annual report

2017-02-27 | News About FI

FI hereby presents the most recent operational year in its annual report for 2016. The following is a summary of the year by Director General Erik Thedéen that is included as the introduction to the annual report.

Capital requirements of Swedish banks as of the fourth quarter 2016

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the fourth quarter 2016.

Report suspicious transactions

2017-01-31 | News Money laundering

FI is sending out a letter and brochure today to all of the firms under its supervision about the requirement to report suspected money laundering and terrorism financing. In order to reach as many people as possible, the brochure is available in six languages (Swedish, English, Persian, Arabic, Finnish and French) and two short, informational videos (in Swedish and English) are available online.

Welcome to the new www.fi.se

2017-01-24 | News About FI

The new www.fi.se has arrived - with new design, new structure and partially new content.

FI aims for unchanged countercyclical buffer rate in March

The next occasion on which Finansinspektionen (FI) will decide on the countercyclical buffer rate is in March. The preparatory work ahead of the next decision shall focus on maintaining the rate at its current level, which is currently 2 per cent.

FI to get a new website

2017-01-24 | News About FI

The new www.fi.se will soon be unveiled - with completely new design, structure and (in places) content.

Decision regarding reciprocation of macroprudential measures in two EU countries

FI has published decisions regarding reciprocation of macroprudential measures in Estonia and Belgium.

Martin Noréus new Executive Director of Banking

2017-01-10 | News About FI

Starting on 23 January, Martin Noréus will take over as the new Executive Director of the Banking Section at FI. He will also continue in his role as the Deputy Director General.

2016

FI’s capital assessment method for securitisation within Pillar 2

In this memorandum, FI describes its view of securitisation and the risks (primarily flowback) that FI sees and that are not taken into consideration in the banks’ current capital requirements.

Biennial Review of the Systemic Risk Buffer

As outlined in the capital requirements directive, FI must review the systemic risk buffer on an biennial basis. FI has reviewed the arguments originally set out to support a SRB buffer level of 3% at consolidated level for the four major banking groups and finds the arguments to still hold today.

Calibration of stress test for the capital planning buffer

Finansinspektionen’s stress test method to determine the capital planning buffers for the major banks, credit market companies and securities companies is divided into general overarching methodologies and a specific calibration of risk parameters. The specific calibration of risk parameters can be changed by FI on a year-by-year basis.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) shall, in accordance with the Capital Buffers Act (2014:966), set a countercyclical buffer guide and a countercyclical buffer rate for each quarter.

Capital requirements of Swedish banks as of the third quarter 2016

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the third quarter 2016.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) shall, in accordance with the Capital Buffers Act (2014:966), set a countercyclical buffer guide and a countercyclical buffer rate for each quarter.

Capital requirements of Swedish banks as of the second quarter 2016

Finansinspektionen publishes the capital requirements of the ten largest Swedish banks and credit institutions as of the end of the second quarter 2016.

FI decides on stress test methodology for determining the capital planning buffer

FI has now decided on the stress test methodology that will be used for determining the capital planning buffer for the largest Swedish bank companies. The methodology, which is described in more detail it in a new memorandum, is based on the proposal that FI published on the 9 May.

Swedish banks show resilience in European stress test

2016-07-29 | EBA News Bank

The major Swedish banks have resilience against a sharp deterioration of the economic environment. This is the result of an EU-wide stress test performed by the European Banking Authority (EBA).

FI aims for unchanged countercyclical buffer rate in September

The next occasion on which Finansinspektionen (FI) will decide on the countercyclical buffer rate is in September. FI’s Board of Directors has decided that the preparatory work ahead of the next decision shall focus on maintaining the rate at its current level, which is currently 2 per cent.

FI reiterates its statement from the June 22 on Nordea

FI hereby clarifies that its public statement made on June 22, regarding the internal analysis which was unintendedly published in the media last week, is still valid:

FI monitors developments as they unfold

Finansinspektionen is monitoring the developments following the EU referendum in the UK. We are continuing to maintain a dialogue with the Ministry of Finance, the Riksbank and the Swedish National Debt Office and keep close contact with the Swedish banks. FI always has contingency plans in place to take measures that will contribute to financial stability.

Comments regarding the referendum in UK

Finansinspektionen is following the development on the financial markets and is maintaining an ongoing dialogue with the Ministry of Finance, the Riksbank and the National Debt Office. We have contingency plans in place and are working closely with the Swedish banks.

FI agrees with EBA Opinion on accounts and bank services for asylum seekers

2016-06-23 | EBA News Consumer

The European Banking Authority (EBA) published its Opinion of the European Banking Authority on the application of customer due diligence measures to customers who are asylum seekers from higher-risk third countries or territories. Finansinspektionen provides its response to the opinion below.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) shall, in accordance with the Capital Buffers Act (2014:966), set a countercyclical buffer guide and a countercyclical buffer rate for each quarter.

Capital requirements of Swedish banks as of the first quarter 2016

Note: Capital requirements of the Swedish banks, first quarter 1 2016 has been revised. The outcome of the 2015 SREP for Skandiabanken is now accounted for in this memorandum. No other changes have been done."

New methods for banks' risk weights and capital requirements decided

FI has formally adopted the supervisory methods which will be used in the supervision of the banks' internal models for corporate exposures. The banks should now assume that at least every fifth year is a downturn year in probability of default calculations.

Stress test methodology for assessment of the capital planning buffer

In this memorandum, FI accounts for the stress test methodology that it intends to use to assess the size of the capital planning buffer for the largest firms.

New rules for insider reporting and insider lists

New rules for insiders will be issued on 3 July 2016. On the 3rd of July 2016 the Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse (MAR) will enter into force and become directly applicable in Swedish law.

IMF evaluates stability and functionality of the financial market in Sweden

The International Monetary Fund (IMF) will visit Sweden at the invitation of the Ministry of Finance and Sveriges Riksbank both in mid-April and in August to make a special assessment of the financial sector and the public authorities' work on financial stability, what is known as an FSAP (Financial Sector Assessment Program).

FI aims for unchanged countercyclical buffer rate in June

The next occasion on which Finansinspektionen (FI) will decide on the countercyclical buffer rate is in June. FI's Board of Directors decided on 18 April 2016 that the preparatory work ahead of the next decision shall focus on maintaining the rate at its current level, two per cent.

Notification of home Member State under the Transparency Directive

2016-04-07 | ESMA News Markets

As of February of this year, new rules apply for how notification is made about a home Member State. This text provides a brief description of what the new rules entail.

Nordea applies for permission to merge its Nordic subsidiary banks

2016-03-21 | News Bank

Nordea Bank AB (Nordea) has filed an application with Finansinspektionen to merge its wholly owned subsidiaries of Nordea Bank Norge ASA, Nordea Bank Finland Plc and Nordea Bank Denmark A / S with Nordea.

Erik Thedéen named Vice-Chair of IOSCO's European Regional Committee

2016-03-16 | News About FI Markets

FI Director General Erik Thedéen has been named Vice-Chair of the International Organization of Securities Commissions' (IOSCO) European Regional Committee for the period 2016-2018.

Financing of terrorism

2016-03-15 | News Money laundering

The national risk assessment regarding the financing of terrorism that was published in June 2014 identified a need to become more informed about and aware of terrorism financing. With the aim of becoming more informed, FI commissioned a report from the Center for Asymmetric Threat Studies (CATS) on the threat from terrorism financing and the experiences of measures taken in other countries.

New telephone number for FI

2016-03-10 | News About FI

All telephone numbers to Finansinspektionen have been changed.

Pillar 2 capital requirements for maturity assumptions

FI intends to introduce a maturity floor of 2.5 years under Pillar 2 for banks authorised to use the advanced IRB approach for exposures to corporates.

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