Result

2024

News

2024-01-22 | Payments

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2023

Stability in the Financial System (2023:2): Adjustments to higher interest rates remain to be made

The higher interest rate means that households and companies need to make adjustments to their finances. Finansinspektionen (FI) is now seeing a decline in risk-taking. However, the change in the state of the economy and uncertainty regarding how long the higher interest rates will remain pose a risk to financial stability. Commercial real estate undertakings with high debt are particularly at risk should the interest rates remain high. These are the conclusions of the second Stability Report of the year.

Consumer Protection Report 2023

The risks given the highest priority in FI’s consumer protection work for 2023 are unaffordable lending, unsuitable investment products and investment fraud.

Stability in the Financial System (2023:1)

Since the publication of the stability report last autumn, inflation has slowed somewhat in the large economies but is still significantly higher than the central banks’ inflation targets. Monetary policy has therefore been tightened further, and interest rates continued to rise. High inflation and rising interest rates mean that the forecasts for global economic development continue to be weak.

Currency exchanger My Change Scandinavia must cease its operations

Finansinspektionen has decided to issue an injunction to the currency exchange company My Change Scandinavia AB (My Change) to immediately cease its operations. The reason is extensive and severe deficiencies in the firm’s work to combat money laundering and terrorist financing.

My Change Scandinavia receives an injunction to cease its operations

Finansinspektionen is issuing an injunction to My Change Scandinavia AB (My Change) to cease its currency exchange operations. It shall have ceased its operations no later than 24 August 2023.

IMF assessment of the financial sector in Sweden is complete

2023-03-16 | Payments News Stability

During 2022, the International Monetary Fund (IMF) carried out a special assessment of the financial sector in Sweden, a so-called FSAP (Financial Sector Assessment Program). FSAPs are conducted regularly for member countries with systemically important financial markets. The most recent FSAP for Sweden by the IMF was in 2016.

Payments

2023-03-01 | Payments

The payment system is a critical function. FI supervises clearing organisations for payments, payment institutions, registered payment service providers, financial institutions, electronic money institutions and registered electronic money issuers.

We have made some changes to our website

2023-03-01 | Payments News About FI

As of 1 March, we have a new heading in the main navigation panel of our website: Payments. Here you will find all information related to activities within the payments sector.

Apply for authorisation

2023-03-01 | Payments

A firm offering financial services to the general public must have authorisation from FI to conduct operations.

Regulations

2023-03-01 | Payments

Here you will find regulations for the types of firms listed to the left, including Swedish acts and ordinances, the current regulations from FI and various EU regulations.

2022

New operational section for payments and preparedness

2022-10-28 | Payments News About FI

FI will create a new operational section to focus on payments and preparedness.

2021

2020

Payment services

2020-01-03 | Payments

Providing payment services requires authorisation from FI. An entity with a turnover for payment services exceeding an equivalent of EUR 3 million per month must have authorisation to conduct payment services operations and is referred to in the Act as a “payment institution”. An entity with a turnover less than this amount may apply to be exempt from the authorisation obligation and is referred to as a “registered payment service provider”.

Currency traders or other financial operations

2020-01-02 | Payments

Natural and legal persons who would like to carry out currency trading on a large scale or other financial operations are considered to be financial institutions.

2016

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