FI Analysis

FI’s assignment is to promote financial stability and strong consumer protection. The stability assignment has been expanded to include the prevention of financial imbalances with the aim of stabilising the credit market. It requires a more extensive analysis and FI becomes clearer about the positions that authority takes. FI therefore issues a series of reports entitled FI Analysis. This series presents investigations and analyses of key issues for FI’s area of responsibility. FI Analysis reports are issued several times a year.


FI Analysis 21: New liquidity indicators for the fixed-income market

2020-06-30 | Reports Markets Bank

The Swedish fixed-income market – which consists of the bond market, the money market and interest rate derivatives – is important for the government, municipalities, banks and firms to be able to finance their operations and manage risks. It is therefore of central importance to understand how these markets function and, more specifically, how liquid they are. This FI Analysis presents a new method for measuring market liquidity that focuses on government bonds and covered bonds.


FI Analysis 20: Fewer home equity withdrawals after amortisation requirements

This FI Analysis shows that households’ tendency to use mortgages for purchases other than buying a home decreased following the amortisation requirements.

FI Analysis 19: Young adults and the housing market

This FI Analysis shows that the the increase in house prices is the primary reason it has become more difficult for young adults to buy a home.

FI Analysis 18: Swedish risk premia and monetary policy

A disorderly and abrupt increase in international market rates could lead to significantly higher term and equity risk premia. This is the conclusion of an analysis conducted by FI.

FI-analysis 17: Fewer Vulnerable Households after Stricter Amortisation Requirement

Under FI's stricter amortisation requirement, which went into effect on 1 March 2018, new mortgagors with debt in excess of 450 per cent of gross income must amortise 1 percentage point more of their loan per year in addition to the existing requirement. The objective of the stricter requirement is to strengthen resilience of households by decreasing the number of mortgagors who have high debt in relation to their income.

FI Analysis 16: How do covered bonds function?

This FI Analysis describes how Swedish covered bonds function, how the regulation governing the cover pool is designed and how the cover pool is affected by a fall in house prices.

FI Analysis 15: Do banks still benefit from an expectation of an implicit state guarantee?

A new report from Finansinspektionen and the Swedish National Debt Office shows that the value of an implicit state guarantee for the major Swedish banks has decreased since the financial crisis in 2008–2009. This decrease is due to higher capital and liquidity requirements on the banks, a new regulation for managing banks in crisis and improved market conditions.


FI Analysis 14: Reference rates are changing

2018-11-29 | BMR Reports Markets

Reference rates are important since they are used in many financial contracts, and it is therefore crucial that they are fair, transparent and accurately reflect the underlying market.

FI-analysis 13: Low for long and large annuity payments

Theprevailing low interest rate environment is challenging for pension managers who pledge a guaranteed rate of return to their beneficiaries.

FI-analysis 12: The mortgage cap reduced household debt

This FI Analysis presents an assessment of the Swedish mortgage cap. The analysis indicates that the mortgage cap has changed household behaviour. Households with new mortgages borrow less than what they would have done if FI had not implemented the mortgage cap. They are also buying less expensive homes.

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