A stable, well-functioning financial market for allA stable, well-functioning financial market for allResult
2024
Stability in the Financial System (2024:2): Improved outlook, but risk of set-backs
The outlook for financial stability has improved somewhat in the past six months. Sweden continues to experience a mild economic downturn, but interest rate cuts are contributing to improved optimism about the future. At the same time, the uncertain global economic and geopolitical situation is leading to heightened risks, in part in the form of cyber attacks. These are the conclusions of FI’s second stability report for the year.
Swisscoinco/Online windows llc company
2024-11-13
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Swisscoinco/Online windows llc company, among other things, are offering Swedish investors to trade with securities.
Lloyd Markets
2024-11-13
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Lloyds Markets, among other things, are offering Swedish investors to trade with securities.
Handelsrummet
2024-11-13
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Handelsrummet, among other things, are offering Swedish investors to trade with securities.
BT-Norden
2024-11-13
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent BT-Norden, among other things, are offering Swedish investors to trade with securities.
Amal Express shall pay an administrative fine
Amal Express Ekonomisk förening shall pay an administrative fine of SEK 100,000.
FI proposes enhanced preventive work in efforts to prevent investment fraud
An increasing number of consumers are falling victim to investment fraud. In a report to the Government, FI proposes, among other things, enhanced work to prevent investment fraud.
Scheduled maintenance: Ansök
2024-11-04 | Reporting
On July 6, from 4 pm to 8 pm, maintenance work will take place in Ansök and the system will be unavailable.
TRS 2 system closed 7 November
The TRS 2 system will be closed for maintenance Thursday, 7 November 2024.
Service Disruptions PDMR Reporting 31 October
2024-10-28 | Reporting
Due to maintenance, the system of PDMR transactions may cause service disruptions on 31 October between 9 am and 10 am.
Scheduled maintenance: FIDAC
2024-10-28 | Reporting
Tuesday 29 October, maintenance work will take place in FIDAC. Between 9:00 AM to 12:00 AM, FIDAC can therefore be unavailable.
Financial education continues to be important for strengthening consumers
Many people find it difficult to make decisions about their finances. The majority of Swedes understand financial terms but are not knowledgeable about how these concepts impact their own finances. Finansinspektionen (FI) is releasing a report today that evaluates the authority’s work with financial education and identifies a number of areas where deficient financial literacy could impose significant risks on the consumer.
Scheduled maintenance: FIDAC
2024-10-11 | Reporting
Monday 14 October, maintenance work will take place in FIDAC. Between 8:00 AM to 12:00 AM, FIDAC can therefore be unavailable.
Scheduled maintenance: FIDAC Test Reporting
2024-10-07 | Reporting
Monday 7 October, maintenance work will take place in FIDAC Test Reporting. Between 9:00 AM to 12:00 AM, FIDAC Test Reporting can therefore be unavailable.
TRS 2 system closed 4−7 October
The TRS 2 system will be closed for maintenance from Friday, 4 October 2024, until Monday, 7 October 2024, due to a change of certificate at ESMA.
Two expert reports on macroprudential policy measures
Amortisation requirements, the LTI ratio, and the LTV cap are macroprudential policy tools that are used in Sweden and many other countries. But what are the potential effects of these borrower-based measures? To answer to this question, Finansinspektionen commissioned two expert reports on the topic.
Nordic Baltic Crisis Simulation Exercise, 2024
To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving three fictitious banks with cross-border activities.
FI leaves the countercyclical buffer rate unchanged
In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the third quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
Service Disruptions PDMR Reporting
2024-09-16 | Reporting
Due to maintenance, the system of PDMR transactions may cause service disruptions on 18 September between 9 am and 10 am.
Operational disruptions FIDAC: Solved
2024-09-06 | Reporting
The issues that some reporters had with submitting national reports should now be fixed. Please contact reporting@fi.se if issues are still experienced.
Operational disruptions: FIDAC
2024-09-05 | Reporting
Some reporters can at the moment experience issues with submitting national reports. We are investigating the issue and will inform when it has been resolved.
Scheduled maintenance: FIDAC
2024-09-04 | Reporting
Wednesday 4 September, maintenance work will take place in FIDAC. Between 9:00 AM to 12:00 AM, FIDAC Test Reporting will be unavailable and between 1:00 PM to 5:00 PM FIDAC till be unavailable.
AIFMD and CSDR art. 9 reports are moving to FIDAC
Starting with the reference date 2024-09-30 (Q3), the alternative investment fund reporting concerning managers (AIFM), their underlying funds (AIF) and Internalised Settlement Reporting article 9, must be submitted in the FIDAC reporting system.
Capital requirements for Swedish banks as of Q2 2024
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 2024.
Emilia Högquist new head of sustainable finance at FI
Emilia Högquist is FI's new head of sustainable finance. She has worked extensively with sustainable development and comes to FI most recently from a management position at the Ministry of Climate and Enterprise. As the head of sustainable finance she will be FI's spokesperson in sustainability-reated matters.
Service Disruptions PDMR Reporting
2024-08-14 | Reporting
Due to maintenance, the system of PDMR transactions may cause service disruptions on 19 August between 9 am and 10 am.
Decisions regarding reciprocation of macroprudential measures in Denmark, Portugal, Germany and Italy
Finansinspektionen has passed decisions concerning reciprocation of macroprudential measures in Denmark, Portugal, Germany and Italy.
Chief Legal Counsel Eric Leijonram is leaving FI
Eric Leijonram is leaving FI and his role as head legal counsel to become the director general of the Swedish Authority for Privacy Protection.
Ansök is open again
2024-07-02 | Reporting
Ansök is open again, after the scheduled maintenance previously announced.
New members appointed to FI’s Board of Directors
The Government has appointed Martin Flodén and Roine Vestman, both professors in economics at Stockholm University, to FI’s Board of Directors.
Scheduled maintenance: Ansök
2024-07-02 | Reporting
Tuesday July 2 maintenance work will take place in Ansök and the system will be unavailable.
Major banks need to rectify deficiencies in the payments infrastructure
FI is ordering Handelsbanken, SEB and Swedbank to rectify deficiencies in the payments infrastructure no later than December 2026. FI has also contacted the supervisory authorities in Denmark and Finland and informed them of the need to take corresponding measures for Danske Bank and Nordea.
Nasdaq Stockholm receives a remark and an administrative fine
Finansinspektionen has decided to issue Nasdaq Stockholm Aktiebolag a remark and an administrative fine of SEK 100 million.
FI leaves the countercyclical buffer rate unchanged
In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the second quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
Stefan Lundgren new Board member of FI
The Government has appointed former Auditor General Stefan Lundgren to FI’s Board of Directors.
AIFMD reports will be moved to FIDAC
Starting with the reference date 2024-09-30 (Q3), the alternative investment fund reporting concerning fund managers (AIFM) and their underlying funds (AIF), must be submitted in the FIDAC reporting system.
FI identifies transition risks in banks’ lending portfolios
There are climate-related transition risks in Swedish banks’ lending portfolios. This is the conclusion of an analysis Finansinspektionen (FI) conducted by linking lending to individual firms to emissions data from firms that are included in the EU Emissions Trading System.
Service Disruptions PDMR Reporting
2024-05-31 | Reporting
Due to maintenance, the system of PDMR transactions may cause service disruptions on 4 June between 9 am and 10 am.
Fraud prevention in payment services
Fraud is a major and expanding societal problem that fosters organised crime. FI supervises that payment service providers follow the provisions set out in the Payment Services Act that aim to prevent fraud. Payment service providers do a lot to prevent their payments services from being used for fraud, but this problem is still growing.
Scheduled maintenance: All systems
2024-05-29 | Reporting
Tuesday 11 June, between 9:00 AM to 12:00 AM, there may be operational disruptions due to scheduled maintenance, which affects all of Finansinspektionen’s systems for reporting and applying for authorisation.
Interest rate puts pressure on indebted households
Households continue to be under pressure from both higher interest rates and other costs. This is evident in FI’s mortgage report. The report looks at new mortgagors during the autumn of 2023. We can see that there are fewer mortgagors than in previous years. Home buyers also bought slightly less expensive homes and borrowed slightly less. Total lending to households has stagnated, but despite this household indebtedness continues to be high.
FI intends to extend banks’ risk weights floors for mortgages and commercial real estate lending
Finansinpektionen currently assesses that risks to Swedish mortgages and commercial properties remain and these will not be fully addressed when the EU’s second banking package enters into force on 1 January 2025. Therefore, FI intends to start the process during next year to extend the risk weight floors for mortgages and commercial real estate lending to at least 2027.
FI Analysis 45: High risks in small and mid-sized commercial real estate firms
Many smaller, unlisted commercial real estate (CRE) firms have a high loan-to-value (LTV) ratio and a low interest coverage ratio (ICR). This makes them vulnerable to a scenario with high interest rates and lower earnings. A new FI Analysis concludes that, given such a scenario, smaller CRE firms would constitute the majority of banks’ real estate sector-related credit risks.
The TRS2 test environment closed 28 May for maintenance
On Tuesday, 28 May, the TRS2 test environment will be closed for maintenance. It will still be possible to submit TR files, but feedback will not be sent until the maintenance has been completed.
Stability in the Financial System (2024:1): A slightly better outlook in an uncertain environment
The outlook for financial stability has improved somewhat, and uncertainty has decreased, but we are still in the middle of a recession. Higher costs for both interest payments and other goods and services are putting pressure on households and firms. The worsened global security situation is also imposing increased demands on the operational resilience in the financial sectorn. These are the conclusions of this year's first stability report.
Capital requirements of Swedish banks as of Q1 2024
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 2024
FI Analysis No. 44: Most People Have Lost Money Trading Cryptocertificates
More than half of Swedes who traded in cryptocertificates over the past six years have lost money on their investments. This is despite the underlying market increasing by up to 500 percent during the studied period. This is shown in a new analysis by FI that examines Swedes' trading in cryptocertificates.
FI would like the financial market to shift its sustainability work into the next gear
There is a lot of work left to do before the financial market fully contributes to a sustainable economy. For example, firms need to be better at identifying and integrating sustainability risks. One condition for this is that they have the right competence in sustainability-related matters. Firms also are responsible for preventing their operations from being used for criminal purposes. These are several of the conclusions we draw in our sustainability report that is being published today.
Four reasons not to buy cryptoassets
Right now, the media is filled with reporting on cryptoassets, and various investment tips are being shared on social media. Even though regulations for the cryptomarket are under development, it will continue to be very risky for consumers to invest in crypto. We have listed four reasons not to invest in them.
FI notifies foreign supervisory authorities after complaints about misleading advice
FI has been receiving complaints from consumers in Sweden about four foreign investment firms. The foreign supervisory authorities who are responsible for the supervision of these companies have been notified about the complaints.
Firms continue to offer consumers unsuitable products
Expensive and complex products are unsuitable for most consumers. Despite this, firms offer such products on a broad front. This is one of the consumer risks that FI highlights in this year’s consumer protection report.
The TRS2 test environment closed May 16 for maintenance
On Thursday, 16 May, the TRS2 test environment will be closed for maintenance.
Operational disruptions in TRS 2 18–19 May
There may be minor disruptions to both the production environment and the test environment of the TRS 2 system on 18–19 May due to planned maintenance.
Daniel Barr: “We must continue to develop the work to combat money laundering”
The criminal economy feeds organised crime and introduces major challenges for society. Both firms and authorities therefore need to do more to reverse the development. The collaboration today between both authorities and firms needs to be developed and deepened. There also needs to be suitable tools to manage the cross-border risks associated with money laundering, particularly for cash-intensive businesses. These were some of the key points from Finansinspektionen’s Director General Daniel Barr as he participated in a panel discussion at Anti-Money Laundering Days 2024 (Penningtvättsdagarna).
Beatrice Ask new chair of the Board of FI
Beatrice Ask has joined and will be the chair of FI’s Board of Directors. The appointment runs until 24 April 2027.
DiamondCapitals.co
2024-04-23
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Diamond Capitals are offering Swedish investors to trade with securities.
FI prioritizes particularly vulnerable sectors to combat money laundering
Money laundering is a global problem that allows criminals to transact large sums of money without revealing their illegal activities. In order to counteract the risk of money laundering, FI has identified a number of areas where the risks are assessed to be particularly large and that we will have an extra focus on during the year.
The CF Global Trading (clone)
2024-04-11
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent The CF Global Trading (clone) are offering Swedish investors to trade with securities.
Scheduled maintenance: Fidac
2024-04-08 | Reporting
Thursday 11 April, between 2:00 PM to 4:00 PM, maintenance work will take place in Fidac and the system may be unavailable during that time.
FI Supervision 29: Advisors are not taking customers’ sustainability preferences into account
Six out of ten say that sustainability is important when saving money. Advisors at banks, investment firms and insurance intermediaries have an obligation to take into account consumers’ sustainability preferences. This does not always happen. Instead, many consumers currently face a risk of investing in products that do not correspond to their expectations when it comes to sustainability. This is the conclusion FI draws from its analysis, and we are now encouraging firms to devote a special focus to this topic.
Markets
2024-03-21 | Reporting
Here we gather technical information about national reporting and according to ESMA's framework.
Scheduled maintenance: Ansök
2024-03-20 | Reporting
Wednesday 20 March, between 14:00 PM to 15.00 PM maintenance work will take place in Ansök and the system will be unavailable during that time.
Warning regarding Swisscap
2024-03-20
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Swisscap are offering Swedish investors to trade with securities.
FI Analysis No. 42: Gender differences in investment behaviour
The study confirms previous results showing that women are underrepresented in the stock market. The differences arise as early as three years of age, which shows that adults more often buy stocks for boys than for girls. We also see that men generally have larger stock portfolios than women throughout life, although women increase their stock wealth later in life.
Operational disruptions FIDAC: Solved
2024-03-18 | Reporting
We have now implemented a fix in FIDAC to solve the problem with failed uploads of the report Survey of household loans and savings. The problem should be solved but please contact rapportering@fi.se if you continue to experience problems.
FI leaves the countercyclical buffer rate unchanged
In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the first quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
Nordix Chain
2024-03-12
It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Nordix Chain are offering Swedish investors to trade with securities.
Operational disruptions: FIDAC
2024-03-11 | Reporting
Some reporters are at the moment experiencing issues with uploading large files for the report Survey of household loans and savings. We are investigating the issue and will inform when it has been resolved.
2024:1 Loan-to-value ratio for loans granted against collateral in residential property and included in the cover pool for covered bonds
2024-03-11 | Bank
In this legal position, Finansinspektionen considers the matter of whether the cover pool for covered bonds issued prior to 8 July 2022 may consist of loans granted against collateral in residential properties to the extent that the credit in relation to the collateral lies within the loan-to-value ratio of 80 per cent.
