Press releases

FI’s press releases are published here.

2019

Banks’ lending to commercial real estate firms requires more capital

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.

More households are amortising, but households still have high debt

New mortgagors are amortising, borrowing less and buying less expensive homes, but many still have high debt. These are FI’s conclusions in this year’s mortgage report. FI is also publishing an FI Analysis that shows the stricter amortisation requirement has reduced the percentage of borrowers with high debt in relation to their income.

Avanza Pension receives warning and administrative fine

FI is issuing Avanza Pension a warning for insufficient management of technical provisions and reporting. Avanza Pension must also pay an administrative fine of SEK 35 million.

2018

FI has not manipulated public documents

2018-12-18 | Press releases

“The assertion that Finansinspektionen (FI) supposedly manipulated public documents related to money laundering investigations and that were requested by the newspaper Svenska Dagbladet is incorrect,” says FI’s Director General Erik Thedéen. An internal legal assessment that FI is publishing today shows that the documents and their release have been handled correctly. FI’s Board of Directors convened for an extraordinary meeting to receive information about this matter and how it will be handled.

Higher interest rates test resilience

Low interest rates have contributed to high risk-taking, rising asset prices and increasing debt. Higher interest rates in the next few years could reduce risk-taking and thus dampen the build-up of risk. However, unexpectedly large interest rate fluctuations and uncertain global developments could also test the financial sector’s resilience. These are some of the conclusions Finansinspektionen (FI) draws in this year’s second report on the stability in the financial system. The report will be presented at a press conference today.

FI grants Nordea authorisation to move to Finland

Finansinspektionen (FI) grants Nordea Bank AB authorisation to execute its merger plan and thus move the bank’s head office to Finland.

Risks can build up when the economy is strong

The Swedish economy continues to be strong, and resilience in the financial system is satisfactory. However, a long period of low interest rates and strong growth has resulted in an elevated risk appetite, high asset prices and high debt. This makes the financial sector more sensitive to shocks, writes Finansinspektionen (FI) in the first Stability Report of the year, which is being presented today.

Solidar Fonder AB receives a warning and an administrative fine

2018-04-18 | Press releases Markets

Finansinspektionen (FI) is issuing Solidar Fonder AB (Solidar) a warning. The company must also pay an administrative fine of SEK 10 million.

Households continue to take on large mortgages

Household debt is continuing to rise. The number of new mortgagors with a high level of debt in relation to their income or the value of their home continues to be high. These are the conclusions drawn by Finansinspektionen (FI) from this year’s mortgage survey, which is being presented today. FI also highlights how tenant-owner associations’ debt increases the risks for households.

New Senior Advisor at FI

2018-02-22 | About FI

Anders Kvist has been named a Senior Advisor to FI’s Director General.

2017

Basel agreement on banks’ capital adequacy

2017-12-07 | Basel Bank

The oversight body of the Basel Committee, GHOS (Governors and Heads of Supervision), has agreed today after several years of work on key supplements to complete the global standards for banks’ capital adequacy. Finansinspektionen (FI) is a member of the Basel Committee and has participated in this project.

FI proposes stricter amortisation requirement

Finansinspektionen (FI) is presenting today its proposal for a stricter amortisation requirement. Following a decision by FI’s Board of Directors, the proposal is now being submitted to the Government for approval.

SEB is issued a remark and must pay an administrative fine

2017-06-20 | Markets

Finansinspektionen (FI) has found that SEB has reported transactions improperly and that there have been deficiencies in the internal control of transaction reporting. SEB is therefore being issued a remark and must pay an administrative fine of SEK 12 million.

Stricter amortisation requirement for households with large debt

Finansinspektionen’s report, Stability in the Financial System, shows that the high level of household debt and rising house prices are causing vulnerabilities to build up in the Swedish economy. FI therefore would like to introduce a stricter amortisation requirement for new mortgage holders who take large loans in relation to their income.

One step closer to a better financial market for consumers

2017-05-11 | Consumer

Over-indebtedness is at the top of the agenda at FI’s Consumer Protection Day, which is being held today, Thursday, 11 May. FI will also present its annual report, Consumer Protection on the Financial Market, which includes a review of the areas that FI is prioritising in terms of consumer protection supervision.

The amortisation requirement has had a slow-down effect

The amortisation requirement that was introduced last year has had a slow-down effect thus far. Households with new mortgages are borrowing less and buying less expensive homes, but the risks associated with high household debt remain.

2016

Remark and administrative fine for two companies in the Nasdaq Group

2016-12-13 | Press releases Markets

Nasdaq Clearing AB is receiving a remark and must pay an administrative fine of SEK 25 million. Nasdaq Stockholm AB is receiving a remark and must pay an administrative fine of SEK 30 million.

Unique state of the economy

Finansinspektionen (FI) reports its assessment of financial stability twice a year. At a press conference today, FI Director General Erik Thedéen and FI Chief Economist Henrik Braconier will present this year’s second stability report.

FI’s capital assessment method for securitisation within Pillar 2

Finansinspektionen (FI) believes that securitisation can give rise to risks that are not considered in current regulation. FI is therefore submitting for consultation today the method it intends to use to assess banks’ capital requirement within Pillar 2 for flowback risks during securitisation.

New methods for banks' risk weights and capital requirements

Finansinspektionen (FI) is publishing two consultation memorandums today that will raise the capital requirements primarily for exposures to corporates for banks that use the internal ratings-based approach.

Additional capital requirements for Nordea's PD estimates

FI noted during the spring that Nordea's reported Probability of Default (PD) as a percentage of its corporate lending was larger than its estimated PD during certain years and in certain markets. In other words, actual PD was higher than the bank's estimated PD.

Resurs Bank receives a remark and an administrative fine

2016-09-13 | Sanctions Bank

Finansinspektionen is issuing Resurs Bank AB a remark. The bank must also pay an administrative fine of SEK 35 million.

Comments regarding Nordea and FI:s supervision

SvD published information today about FI's supervision of Nordea and the banks' internal models. FI therefore sees a need to describe and make certain clarifications about its supervision and how the capital assessment for Nordea has been handled.

Comments about Nordea

2016-06-21 | Press releases Bank

SvD is publishing an article today about information in a memorandum written by FI regarding Nordea's capital needs. SvD did not receive the memorandum from FI. As a result, the confidentiality assessment that FI is obligated to conduct pursuant to the Public Disclosure and Secrecy Act has not been conducted.

FI invites banks to a discussion about household debts

Household debts are continuing to develop in an unfavourable direction. This is one of the conclusions in FI's Stability Report, which is being published today.

FI grants Nordea authorisation to restructure its Nordic subsidiaries into branches

2016-05-17 | Press releases Bank

Nordea Bank AB (Nordea) has applied to Finansinspektionen (FI) for authorisation to execute plans under which its wholly-owned subsidiaries in Denmark, Finland and Norway will be merged with Nordea and thereafter be operated as branches. FI has decided to grant Nordea authorisation.

Digitalised financial market presents challenges and opportunities

2016-05-03 | Press releases Markets

The higher degree of digitalisation can lead to more cost-efficient solutions for both consumers and financial companies. However, it is important to safeguard consumer protection.

Amortisation requirement for new mortgages

New mortgages must be amortised down to 50 per cent of the value of the residential property. The amortisation requirement will apply to all new loans that are collateralised by a residential property. The property may be revalued every fifth year.

Households borrow more in relation to their income

Swedish households are borrowing more in relation to their income. Despite this, they have in general sufficient margins to make their payments. FI presents these and other conclusions in this year's Mortgage Survey, which is being published today.

FI increases resilience in the financial system

FI's Board of Directors has decided to raise the countercyclical capital buffer to 2 per cent as of 19 March 2017.

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