Result

2024

TRS 2 system closed 4−5 December

2024-11-27 | Reporting

The TRS 2 system will be closed for maintenance Wednesday, 4 December and Thursday, 5 December 2024.

TRS 2 system closed 4−5 December

2024-11-27 | News Reporting Markets

The TRS 2 system will be closed for maintenance Wednesday, 4 December and Thursday, 5 December 2024.

Scheduled maintenance: FIDAC

2024-11-26 | Reporting

On Wednesday, 27 November, FIDAC will undergo maintenance work. As a result, between 9:00 AM and 12:00 PM, FIDAC may be unavailable for short periods of time.

Capital requirements for Swedish banks as of Q3 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 Q3 2024.

Stability in the Financial System (2024:2): Improved outlook, but risk of set-backs

2024-11-20 | Payments Reports News

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

2024-11-13 | Payments News Sanctions

Amal Express Ekonomisk förening shall pay an administrative fine of SEK 100,000.

FI proposes enhanced preventive work in efforts to prevent investment fraud

2024-11-07 | Frauds Reports Consumer

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

2024-10-31 | News Reporting Markets

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

2024-09-27 | News Reporting Markets

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

2024-09-20 | EBA News Stability

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

2024-09-03 | News Reporting

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

2024-08-13 | ESRB News Stability

Finansinspektionen has passed decisions concerning reciprocation of macroprudential measures in Denmark, Portugal, Germany and Italy.

Chief Legal Counsel Eric Leijonram is leaving FI

2024-07-08 | News About 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

2024-07-02 | News About FI

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

2024-06-19 | Sanctions Markets

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

2024-06-18 | News About FI

The Government has appointed former Auditor General Stefan Lundgren to FI’s Board of Directors.

AIFMD reports will be moved to FIDAC

2024-06-05 | News Reporting

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

2024-05-31 | Pay Consumer Payments

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

2024-05-29 | Mortgage Reports News

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

2024-05-27 | Reports Stability Bank

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

2024-05-27 | News Reporting Markets

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

2024-05-27 | Payments Reports News

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.

FAQ

2024-05-24

Frequently asked questions concerning FIDAC

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

2024-05-15 | Pay Consumer Save

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

2024-05-13 | News Consumer Markets

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

2024-05-08 | Borrow Pay Insure

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

2024-05-08 | Reporting Markets

On Thursday, 16 May, the TRS2 test environment will be closed for maintenance.

Operational disruptions in TRS 2 18–19 May

2024-05-06 | Reporting Markets

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”

2024-05-02 | News 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

2024-04-26 | News About 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

2024-03-18 | Reports News Consumer

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.

LyxMont

2024-03-08

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Scheduled maintenance: Fidac

2024-03-08 | Reporting

Monday 18 March, between 9:00 AM to 11:00 AM, maintenance work will take place in Fidac and the system may be unavailable during that time.

Scheduled maintenance: Fidac Test reporting

2024-03-08 | Reporting

Tuesday 12 March, between 1:00 PM to 3:00 PM, maintenance work will take place in Fidac Test reporting and the system may be unavailable during that time.

WFM International

2024-03-06

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent WFM International are offering Swedish investors to trade with securities.

TradeVision365

2024-03-01

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent TradeVision365 are offering Swedish investors to trade with securities.

Nordic CT

2024-02-28

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Nordic CT are offering Swedish investors to trade with securities.

Scheduled maintenance: Fidac

2024-02-26 | Reporting

Wednesday 28 February, between 3:00 PM to 4:30 PM, maintenance work will take place in Fidac and the system may be unavailable during that time.

Capital requirements of Swedish banks as of Q4 2023

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 Q4 2023.

Comprehensive overview is important when changing the conditions on the housing market

2024-02-22 | Mortgage Reports News

FI has received an assignment from the Government to assess an increase in the loan-to-value (LTV) cap from 85 to 90 percent. At the same time, the Government proposes phasing out the tax deductibility for unsecured loans. We assess that an increase in the LTV cap would lead to higher household indebtedness and an increase in associated risks. This assessment holds even if interest rate deductions for unsecured loans are phased out. We also take the position that it is appropriate to await the results of the ongoing inquiry into both the LTV cap and the amortisation requirement and consider any changes to the measures comprehensively.

What should be reported?

2024-02-16 | Reporting

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National reports and surveys

2024-02-16 | Reporting

Schemas and technical descriptions

Guide and video guide

2024-02-16 | Reporting

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FIDAC

2024-02-16

FIDAC (Finansinspektionen Data Collection) is the Swedish Financially Supervisory Authority reporting system for periodic reporting and some event driven reporting.

Marie Lindström new communications director

2024-02-15 | News About FI

FI has named Marie Lindström its new communications director.

Ownership reporting

2024-02-15 | Reporting Bank

Financial entities are obligated to report larger holdings, for example subsidiaries and other ownership interests.

Our supervision priorities

2024-02-08 | About FI

FI’s mandate is to supervise the financial sector to ensure firms are compliant with the rules and the sector is functioning well. The financial market is large and complex, and we have limited resources. We cannot be everywhere, all the time. One condition for us to be able to carry out our mandate is that we conduct what we call effective and communicative supervision.

Our supervision priorities for 2024

Are consumers being offered the right services on the financial market? How is the sector delivering crucial services in an uncertain global environment? How are financial corporations protecting themselves from being used for criminal purposes? These are some of the questions we will focus on in our supervision this year.

Scheduled maintenance: Short selling reporting tool and register

2024-02-07 | Reporting

On Monday, 19th February after 3.30 PM, there will be operational disruptions due to scheduled maintenance.

Scheduled maintenance: Prospectus system and Prospectus register

2024-02-07 | Reporting

On Thursday, 15th February 11 AM to 1 PM, there will be operational disruptions due to scheduled maintenance.

Outsourcing contracts

2024-02-06 | Bank

If a credit servicer wants to outsource its credit servicing operations to a third party, FI must be notified.

Cross-border activities

2024-02-06 | Bank

A credit servicer authorised pursuant to the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) is entitled to conduct business in other EEA countries.

Credit servicers

2024-02-06 | Bank

In accordance with the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) authorisation from FI is required to conduct, on behalf of a credit purchaser, professional credit servicing of a non-performing credit agreement entered into between a credit institution with the EEA and a borrower.

Debt collection

2024-02-06 | Bank

According to the Debt Collection Act (1974:182), authorisation from FI is required to conduct debt collection operations related to the collection of debt on a third party’s behalf or debt that has been taken over for collection.

Jon Thor Sturluson new chief economist at FI

2024-02-02 | News About FI

FI has named Jon Thor Sturluson its new chief economist. He will take over the role no later than 1 May 2024 and join FI’s management team.

Scheduled maintenance: Short selling reporting tool and register

2024-01-31 | Reporting

On Tuesday, 6th March after 3.30 PM, there will be operational disruptions due to scheduled maintenance.

Scheduled maintenance: Prospectus system and Prospectus register

2024-01-31 | Reporting

On Tuesday, 6th March 1 PM to 3.30 PM, there will be operational disruptions due to scheduled maintenance.

Moa Langemark is FI’s new consumer protection economist

2024-01-31 | Consumer News Consumer

A clear and independent voice is needed to help consumers on the financial market. Moa Langemark will now take on the role of consumer protection economist at Finansinspektionen. She will undertake overall responsibility for supporting and developing our consumer protection work. Together with Director General Daniel Barr, Moa will also be FI’s spokesperson in consumer protection-related matters.

Macroprudential measures in other countries

According to the capital adequacy regulations (Capital Requirements Regulation and Capital Requirements Directive), a country can ask other countries to reciprocate adopted macroprudential measures.

Capital requirements for Swedish banks

FI publishes the capital requirements for Swedish banks and credit institutions in supervision categories 1 and 2 every quarter.

News

2024-01-22 | Payments

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TRS 2 system closed 10 January

2024-01-03 | News Reporting Markets

The TRS 2 system will be closed for maintenance on 10 January 2024.

2023

Swesolution

2023-12-22

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent Swesolution are offering Swedish investors to trade with securities.

Swe-Csm

2023-12-21

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent Swe-Csm are offering Swedish investors to trade with securities.

Elevated Markets

2023-12-14

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Elevated Markets are offering Swedish investors to trade with securities.

FI Analysis No. 43: d-SRI: A systemic risk indicator for Sweden

2023-12-14 | Reports Stability

In this FI-analysis we adapt the systemic risk indicator d-SRI to Swedish conditions. d-SRI is intended to give an early warning signal before crises caused by domestic imbalances arise. d-SRI indicates build-up of risks during the years leading up to the crisis in the 1990s, the 2000 dot-com crash, and the 2008 financial crisis. In present time when we see reduced credit growth and lower asset prices, d-SRI is showing that financial conditions are tight.

FI extends the risk weight floor for Swedish mortgage exposures

2023-12-14 | Mortgage EBA News

FI has decided to extend the risk weight floor by two years, from 31 December 2023 to 30 December 2025.

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 fourth 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.

Aros receives warning and administrative fine

Finansinspektionen has decided that Aros Kapital will receive a warning and an administrative fine of SEK 45 million.

Banking package close to completion

On 6 December, the EU Member States approved a banking package that implements the last parts of the Basel III agreement in the EU. The European Parliament is also expected to approve the agreed rules in the near future.

Scheduled maintenance: Fidac Test reporting

2023-12-07 | Reporting

Thursday 7 December, between 1:00 PM to 4:00 PM, maintenance work will take place in Fidac Test reporting and the system may be unavailable during that time.

FI Analysis No. 41: Commercial real estate firms may need to reduce their debt

In this analysis, we estimate how much Swedish listed and larger privately owned commercial real estate firms need to reduce their debt in a climate of rising financing costs and falling property values. We calculate the firms need to reduce their debt to maintain certain levels of interest coverage ratio and loan-to-value.

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.

Capital requirements of Swedish banks as of Q3 2023

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 Q3 2023.

Monitor what your funds are costing you

2023-11-15 | Funds News Consumer

Today, almost all households invest in funds, either directly through private savings or indirectly through our pensions. However, close to one third of fund savers are unaware of how high the fund fee is and many risk paying too much for their savings. We are, therefore, now publishing the most common fees for some popular fund categories to help consumers monitor what certain funds cost.

Comparative figures for fund fees

2023-11-15

All adult Swedes save in funds – either through pensions or their own savings. When saving in funds, it is important to be aware of their fees. If a fee is high, it is much more difficult for a fund to produce a higher return. Here, you will find information on what you should think about when selecting funds or when looking over your current savings.

European Commission approves extension of the risk weight floor for Swedish mortgages

The European Commission has announced that it does not intend to object to FI's intention to extend the current risk weight floor for Swedish mortgages. This means that FI may implement the measure.

Protect consumers’ access to payment accounts

Banks restrict consumers’ access to payment accounts more than is necessary to manage money laundering risks. We want to see stricter requirements on banks to make assessments of consumers on an individual basis. Banks should also consider whether they can offer a more limited range of services instead of closing a customer’s account.

Fraudsters use Bitcoin as bait

2023-10-25 | Cryptoassets Frauds News

It has become increasingly common for fraudsters to contact consumers by email saying there are cryptocurrencies registered at the person's email address. Consumers are told that these assets can be released for a fee. This is the conclusion of Finansinspektionen’s review of investment fraud cases during the third quarter of the year.

Listing of legal positions

2023-10-24

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Legal positions

2023-10-24

Here you will find all legal positions published by FI.

Giltig Finanser

2023-10-11

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Giltig Finanser are offering financial services to consumers.

Warning regarding Stockholm Asset Management (clone)

2023-10-06

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Stockholm Asset Management (clone) are offering financial services to consumers.

Scheduled maintenance: All reporting systems

2023-10-05 | Reporting

On Saturday and Sunday 7-8 October, there may be operational disruptions due to scheduled maintenance, which affects all of Finansinspektionen’s systems for reporting and applying for authorisation.

Internationally Active Insurance Groups

2023-09-29 | Insurance

FI has classified Nordea Liv Försäkringsgrupp, an insurance group based in Sweden, as an Internationally Active Insurance Group (IAIG). For its supervision, this means that there are special international standards and guidelines that the International Association of Insurance Supervisors (IAIS) supports.

FI Supervision 27: Non-life insurance undertakings’ product approval processes

2023-09-21 | Reports News Consumer

The process for product approval is central from a consumer protection perspective. It aims to ensure that insurance undertakings focus on consumer interests when they develop and maintain insurance products. In an in-depth analysis that Finansinspektionen has conducted, we have seen a number of good examples of how undertakings work with and apply this process.

Scheduled maintenance: The Reporting Portal

2023-09-18 | Reporting

Wednesday 20 September there may be operational disruptions due to scheduled maintenance. The disruptions might affect login to the Reporting Portal.

License to be registered as manager of units or shares

2023-09-15 | Funds Markets

If a fund company’s register of shareholders is kept by an organisation which is not a Swedish central securities depository, an authorisation from the Financial Supervisory Authority is required for registration as a manager of units or shares (nominee licence).

TRS 2 system closed on 27 September

2023-09-14 | News Reporting Markets

TRS 2 system closed on Wednesday, 27 September.

FI notifies the EU regarding extension of the existing risk weight floor for Swedish mortgages

FI notifies the EU regarding extension of the existing risk weight floor for Swedish mortgages

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. 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.

New risk weight floors for bank loans to commercial properties

Finansinspektionen has decided to introduce risk weight floors for exposures towards the commercial real estate sector according to article 458 in CRR. At the same time the current risk weight floor under Pillar 2 will be removed. The new floors will enter into force on 30 September 2023.

Scheduled maintenance: Fidac

2023-09-12 | Reporting

Wednesday 13 September, between 9:00 AM to 1:00 PM, maintenance work will take place in Fidac and the system may be unavailable during that time.

Scheduled maintenance: The Reporting Portal

2023-09-11 | Reporting

Today, Monday 11 September, there may be operational disruptions due to scheduled maintenance. The disruptions might affect login to the Reporting Portal.

FI’s Innovation Center

2023-09-06 | Fintech

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List of covered bonds

2023-08-29 | Bank

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Planned maintenance of the TRS 2-systems test environment

2023-08-29 | News Reporting Markets

The TRS 2 system's test environment will be closed for maintenance on Wednesday, 6 September.

Capital requirements of Swedish banks as of Q2 2023

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 2023.

Warnings for investment fraud continue to increase

2023-08-16 | Cryptoassets Frauds News

Last year, Finansinspektionen (FI) published a record number of warnings of firms suspected of investment fraud. The trend continues. During the first half of 2023, the number of warnings increased by nine per cent compared to the same period last year.

Henrik Braconier new executive director of Banking

2023-08-15 | News About FI

Henrik Braconier is the new executive director of Banking. For the past nine years, Henrik has served as Finansinspektionen’s chief economist.

Large Swedish banks show resilience in EU stress test

2023-07-31 | EBA News Stability

The five largest Swedish banks are resilient and have the ability to withstand a sharp deterioration in market conditions, based on the stress test conducted by the European Banking Authority (EBA).

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.

European Commission approves introduction of risk weight floors for bank loans to commercial real estate

The European Commission has announced that it does not intend to object to FI's intention to introduce risk weight floors for bank loans to commercial real estate. This means that FI may implement the measure.

FIDAC reporting is working

2023-07-11 | Reporting

FIDAC's problems are now resolved.

Daniel Barr new member of EIOPA’s Board of Supervisors

2023-07-07 | EIOPA News About FI

Finansinspektionen’s (FI) Director General Daniel Barr joined the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) in July 2023.

Deputy director general Susanna Grufman leaving Finansinspektionen (FI)

2023-07-04 | News About FI

Susanna Grufman, deputy director general and executive director of Markets, is leaving FI for the Riksbank.

Supervision and sustainability

2023-06-30

FI supervises firms that have received authorisation from FI to conduct business on the financial market. All of FI’s supervision is risk-based, and this also applies to sustainability.

Insurance against fines and administrative sanction fees

2023-06-29

In this document, FI states its position on whether the provision of insurance against fines and administrative sanction fees is consistent with good insurance standards.

Open finance in Sweden

2023-06-28 | Fintech Reports News

Digitalisation introduces both opportunities and risks to the financial market. After conducting a new survey, FI has noted that broader regulation on how customer data can be shared with third-party providers could make it easier for consumers to compare financial products such as occupational pensions and mortgages.

FI leaves the countercyclical buffer rate unchanged

FI leaves the countercyclical buffer rate unchanged. The buffer rate of 2 per cent, which will be applied as of 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.

Report: Banks’ administration of amortisation requirement exemptions

Finansinspektionen has conducted a survey into banks' administration of amortisation requirement exemptions, as an assignment from the government. The survey shows that banks have primarily handled amortisation requirement exemptions well. Banks have improved their procedures for handling exemptions, which have increased due to increased pressure on households' finances and more widespread knowledge within society about the possibility of receiving an exemption. The banks' improved procedures are an adjustment to this change.

Deltascrypto

2023-06-15

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent Deltascrypto are offering Swedish investors to trade with securities.

Tierra500

2023-06-09

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent Tierra500 are offering Swedish investors to trade with securities.

Reciprocation of Norwegian systemic risk buffer

2023-06-05 | News Stability Bank

Finansinspektionen has reciprocated the Norwegian systemic risk buffer.

On Saturday, 10 June, until Sunday, 11 June, TRS 2 will be closed for maintenance

2023-06-02 | News Reporting Markets

It will be possible to submit TR files, but feedback will not be sent until after 12 pm on Monday 12 June.

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.

Updated approach to assessing Pillar 2 guidance for Swedish banks

Finansinspektionen has decided on an updated approach for assessing the size of the Pillar 2 guidance for Swedish banks. The updated method contains in part new intervals and an upper limit on how much the outcome of the sensitivity-based stress test can contribute to the final guidance.

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.

FI Analysis No. 40: Winners and losers in the trading of meme stocks

2023-05-26 | Reports Markets

In 2021, Gamestop, a relatively unknown American company, experienced a sudden increase in its stock price. The price increase had been orchestrated by a group of investors who had collaborated via a social media platform and successfully drove up the price of the stock by 1,500 per cent within days. Other stocks, including AMC, had exhibited similar patterns, giving rise to the term "meme stocks" due to the humorous elements found in the online forums where these stocks were discussed.

Capital requirements of Swedish banks as of Q1 2023

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 2023.

Operational disruptions resolved: FIDAC

2023-05-19 | Reporting

The problem with the validation of XBRL files in Fidac is now fixed.

Finansinspektionen’s strategy to prevent greenwashing

2023-05-16

FI has a strategy to prevent greenwashing in the financial sector. Its aim is to safeguard confidence in sustainable investments and sustainable finance.

FI notifies the EU regarding the introduction of new risk weight floor for commercial real estate

Finansinspektionen has notified the Commission and the European Systemic Risk Board (ESRB) that it intends to introduce weight floor for commercial real estate in accordance with Article 458 of the CRR. This will replace the current Pillar 2 risk weight floors for exposures secured by commercial real estate. The measure is planned to be effective from 30 September 2023.

Operational disruptions: FIDAC

2023-05-10 | Reporting

We have identified issues that may occur in the processing and validation of XBRL-files in FIDAC. Troubleshooting ongoing. We will notify you when the disruptions have been resolved.

Scheduled maintenance: Fidac

2023-05-03 | Reporting

Wednesday 3 May, between 11:00 AM to 3:00 PM, maintenance work will take place in Fidac and the system may be unavailable during that time.

Executive Director Karin Lundberg to leave FI

2023-05-02 | News About FI

Per Nordkvist, currently the deputy executive director of the Banking section, will take over as acting executive director.

Van Tilburg Consultancy (Clone)

2023-04-28

It has come to the attention of Finansinspektionen, the Swedish Financial Supervisory Authority, that persons claiming to represent Van Tilburg Consultancy are offering financial services to consumers.

Swedish Financial Benchmark Facility AB receives authorisation as administrator of STIBOR under BMR

2023-04-21 | BMR News Markets

Finansinspektionen grants Swedish Financial Benchmark Facility AB (SFBF) authorisation as an administrator of STIBOR under the EU regulation on benchmarks (BMR).

FI welcomes inquiry into macroprudential policy

2023-04-19 | Mortgage News Bank

FI has taken several measures since 2010 to reduce the risks associated with households’ high levels of debt. These measures include the amortisation requirements and the mortgage cap. FI welcomes the Government’s announcement today presenting an inquiry to look more closely at how these measures have functioned.

More common for fraudsters to say they work at authorities and companies

2023-04-19 | Frauds News Consumer

Fraudsters want to establish a credible façade to be able to deceive consumers. One way of achieving this is to make it look like the consumer is being contacted by a real authority or a real company. This then creates trust, enabling the fraudster to convince consumers to pay made-up fees. Finansinspektionen has seen several examples of this during the first quarter of 2023.

FI Analysis 38: Loans and payment problems among women and men

2023-04-14 | Reports

Among borrowers over the age of 45, it is more common for women than men to have a debt registered with the Enforcement Authority. One explanation could be that major life events, like a divorce, have more of an adverse impact on women. This is the conclusion of an analysis by the Enforcement Authority and Finansinspektionen

Camilla Asp new member of FI’s Board of Directors

2023-04-13 | News About FI

The Government has appointed Camilla Asp to Finansinspektionen’s Board of Directors.

FI proposes update to its approach for assessing Pillar 2 guidance for Swedish banks

2023-04-04 | News Stability Bank

Finansinspektionen presents a proposal for an update to its approach for assessing the size of the Pillar 2 guidance for Swedish banks. The proposal entails in part new intervals and an upper limit on how much the outcome of the sensitivity-based stress test can contribute to the final guidance. Comments on the proposal should be submitted to FI no later than 2 May.

RXK Capital

2023-03-29

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent RXK Capital are offering Swedish investors to trade with securities.

Proposal for new risk weight floors for bank loans to commercial properties

FI is proposing to introduce risk weight floors for exposures towards the commercial real estate sector according to article 458 in CRR. At the same time the current risk weight floor under Pillar 2 would be removed. The new floors are proposed to enter into force on 30 September 2023.

FI reciprocates the extension of Norwegian risk weight floors

Finansinspektionen (FI) has passed a decision to reciprocate the Norwegian Ministry of Finance’s decision to extend average risk weight floors of 20 per cent for retail exposures collateralised by real estate in Norway and of 35 per cent for corporate exposures collateralised by real estate in Norway.

Rising interest costs putting pressure on mortgagors

2023-03-28 | Mortgage News Stability

Mortgagors are under pressure from rising interest rates. At the same time, the majority of new mortgagors continue to have good margins in their personal finances. These are the conclusions drawn by Finansinspektionen in this year’s Swedish Mortgage Market report, which is being presented today.

The Swedish Mortgage Market 2023

Mortgagors are under pressure from rising interest rates. At the same time, the majority of new mortgagors continue to have good margins in their personal finances. These are the conclusions drawn by Finansinspektionen in this year’s Swedish Mortgage Market report, which is being presented today.

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.

Scheduled maintenance: The Reporting Portal

2023-03-16 | Reporting

On Saturday and Sunday, 18–19 March, there may be operational disruptions due to scheduled maintenance. The disruptions will affect all of Finansinspektionen’s reporting systems.

Alfabtc / Alfa-crypx

2023-03-16

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Alfabtc are offering Swedish investors to trade with securities.

Swedbank receives a remark and an administrative fine

2023-03-15 | Sanctions Bank

Swedbank is being issued a remark and must pay an administrative fine of SEK 850 million.

FI leaves the countercyclical buffer rate unchanged

FI leaves the countercyclical buffer rate unchanged. The buffer rate of 2 per cent, which will be applied as of 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.

Swedbank receives a remark and an administrative fine

2023-03-15 | News Bank

Swedbank is receiving a remark for the bank’s lack of internal control following a change to a business-critical IT system last year. The bank must also pay an administrative fine of SEK 850 000 000.

Operational disturbances in TRS 2 on March 18–19

2023-03-07 | News Reporting Markets

There may be some minor disturbances in the TRS 2 system on March 18 and 19 in both the production environment and the test environment. The disturbances are due to planned maintenance. In the event of problems, rapporteurs are advised to try again later during the day.

TRS 2 system closed on Wednesday, 15 March

2023-03-02 | News Reporting Markets

TRS 2 system closed on Wednesday, 15 March.

Payments

2023-03-01 | About FI

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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.

Capital requirements of Swedish banks as of Q4 2022

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 Q4 2022.

No extra insurance needed when buying a TV

You do not need special insurance when buying, for example, a new TV or a dishwasher. This is the conclusion of our review of so-called gadget insurance, which is often offered in retail. If you have home insurance, you have good protection.

Is there a need for supplementary and gadget insurance?

Consumers’ need for supplementary insurance differs by age. Younger consumers have a greater need for this type of insurance, while older consumers often have little need for it. The need for gadget insurance is limited, and there is often no need for it at all. These are the conclusions of an in-depth analysis conducted by Finansinspektionen (FI).

Malin Alpen new executive director of Payments

2023-02-10 | News

Malin Alpen is currently the head of compliance at Getswish AB, which provides the service Swish to participating banks. Malin has worked extensively in the financial market with payment-related matters, including at Handelsbanken, the Swedish Ministry of Finance and Sveriges Riksbank.

Daniel Barr new Director General of Finansinspektionen

2023-02-09 | News About FI

The Government has today appointed Daniel Barr as the new Director General of Finansinspektionen.

FXY Trade

2023-02-01

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent FXY Trade are offering Swedish investors to trade with securities.

ESRB issues a recommendation on vulnerabilities in the commercial real estate sector

2023-01-25 | ESRB News Stability

The European Systemic Risk Board (ESRB), the EU’s macroprudential overseer, has issued a general recommendation on risks linked to vulnerabilities in the commercial real estate (CRE) markets in the EU, Iceland, Liechtenstein and Norway. The recommendation calls for improved monitoring of such risks to the financial system, along with both micro- and macroprudential policy measures to address identified vulnerabilities where necessary.

Large increase in suspected cases of investment fraud in 2022

2023-01-24 | Frauds News Consumer

Despite the contracting economy and the uncertainty in both the Swedish economy and the world in general, investment fraud was on the rise last year. In 2022, FI issued 3,471 warnings – 25 per cent more than in 2021. One new observation during the year is that fraudsters more frequently demand payment in bitcoin to avoid detection.

Correction of TRS 2 validation

2023-01-20 | News Reporting Markets

All submitting entities that received incorrect validations with error codes CON-070 and CON-160 may now resend the incorrectly rejected transactions.

News

2023-01-17 | Markets

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News

2023-01-17 | Sustainability

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News

2023-01-17 | Consumer

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News

2023-01-17 | Stability

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Other systems

2023-01-17 | Reporting

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Periodic reporting

2023-01-17 | Reporting

National and EU-regulated data collections (will be moved to Fidac)

New design

2023-01-17 | News

We have updated the design of our start page and several other pages. Much of the content on the pages has stayed the same, but some things have been given a new name and location.

E-services and forms

2023-01-17

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FFFS

2023-01-17

FI:s författningssamling innehåller föreskrifter och allmänna råd som kompletterar och preciserar de grundläggande regler som finns i lagar och förordningar.

Reporting to FI

2023-01-17

Instructions and links to FI:s reporting systems

Our registers

2023-01-17

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Online application in the e-service Applications

2023-01-17

It is now possible to perform management suitability assessments and owner management suitability assessments via a digital e-service.

Operational disruptions resolved: Fidac Test Reporting

2023-01-03 | Reporting

Fidac Test Reporting is back in operation.

Authorisation as an administrator of STIBOR – FI assesses that the application is complete

2023-01-02 | BMR News Markets

Swedish Financial Benchmark Facility AB 's (SFBF) application to become an authorised administrator of STIBOR in accordance with the EU’s Benchmark Regulation (BMR) has of 2 January 2023 been assessed to be complete.

Operational disruptions: Fidac Test Reportingportering

2023-01-02 | Reporting

Temporary disruptions may occur in Fidac Test Reporting. Troubleshooting is in progress. We will notify you when the disruptions have been resolved.

2022

2022:1 Asylum seekers’ access to financial services

In this document, FI states its position on asylum-seeking refugees’ access to financial services in cases where the asylum seeker is lacking identity documents. The position replaces FI's previous memorandum (FI Ref.16-2898).

Greatest risk for repayment problems at so-called instant loan firms

2022-12-21 | News Consumer

One out of six who borrow from a consumer credit institution, previously called instant loan firms, receives a collection notice. Among all lenders, one out of five unsecured loans was approved for a person who does not have any money left after paying their monthly subsistence costs. Given the expected economic development – high inflation and higher interest rates – this percentage could increase to every third borrower. All of these observations indicate that credit assessments are insufficient. This is the conclusion of a consumer credit survey that FI is presenting today.

Swedish Consumer Credit

2022-12-21 | Reports Consumer

A large portion of Swedish households’ loans is for their homes. But the households also use loans to finance some of their consumption. Consumption credit has grown rapidly in recent years. In terms of SEK, unsecured loans represent the largest share of consumer credit. In terms of volume, invoices are the most common form of consumer credit. These are some of the conclusions from Finansinspektionen’s (FI) survey of new consumer credit with data from 2021.

Royal Oak Investment

2022-12-21

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Royal Oak Investment are offering Swedish investors to trade with securities.

Fivestarpips

2022-12-21

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Fivestarpips are offering Swedish investors to trade with securities.

FI Analysis No. 39: Are the capital buffers fulfilling their purpose?

The minimum requirement for own funds and eligible liabilities (MREL) is designed in such a way that the banks can breach it before they breach the capital requirements. As a result, this can reduce the usability of the capital buffers. This is shown in FI’s analysis of how the capital buffers are impacted when a bank must meet both MREL and the capital requirements.

FI maintains level of systemic risk buffer for major banks

The three major banks, SEB, Handelsbanken and Swedbank, will continue to maintain a systemic risk buffer of 3 per cent at group level. This decision was made following FI’s biennial review of the systemic risk buffer in accordance with the European Capital Requirements Directive.

Länsförsäkringar Bank is issued a remark and must pay administrative fine

Länsförsäkringar Bank has been deficient in its work to prevent money laundering and terrorist financing. The bank is therefore being issued a remark and must pay an administrative fine of SEK 90 million.

FI leaves the countercyclical buffer rate unchanged

FI leaves the countercyclical buffer rate unchanged. The buffer rate of 2 per cent, which will be applied as of 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.

Länsförsäkringar Bank recieves a remark and must pay an administrative fine

Länsförsäkringar Bank has been deficient in its compliance with the anti-money laundering regulations. Finansinspektionen is therefore issuing Länsförsäkringar Bank a remark that will be accompanied by an administrative fine of SEK 90 million.

A strategy to prevent greenwashing

Finansinspektionen will prevent greenwashing in the financial sector through preventive measures and supervisory activities. Today, in a new report that is submitted to the government, FI presents a strategy to prevent greenwashing.

Finansinspektionen’s strategy to prevent greenwashing

FI’s strategy for preventing greenwashing in the financial sector aims to safeguard the trust in sustainable investments and a sustainable finance market.

Roadmap for sustainable finance

In 2019, FI’s overarching mandate was expanded to include a responsibility to ensure that the financial system contributes to sustainable development. FI is also the responsible supervisory authority for a number of new regulations related to sustainable finance that are the result of the EU’s ambitious sustainability agenda.

Therese Östling Waller new HR director

2022-11-30 | News About FI

Therese Östling Waller is currently the HR manager at SVT. Therese has extensive experience within HR, including from the Swedish Public Employment Service, where she was head of the HR department for several years.

Macro-based stress tests of Swedish banks: results and method, Autumn 2022

Major Swedish banks demonstrate considerable resilience in the stress test Finansinspektionen (FI) conducted in 2022. The test identifies the potential effects on the five largest Swedish banks’ financial positions when interest rates and inflation increase. This memorandum (only available in Swedish) describes the method behind the stress test and its results.

Financial stability risks are increasing on the back of rising interest rates and a weakening economy

2022-11-29 | News Stability Markets

Rising interest rates, decreased risk-taking and a slowing economy are weighing on highly indebted commercial real estate firms and households. The rapid transition to higher interest rates and a decreased willingness to take risk means financial stability risks have increased since spring. At the same time, this transition may lead to lower risk-taking and indebtedness in the long run, thus lowering stability risks.

Stability in the Financial System (2022:2)

High inflation has led to rapidly rising interest rates. Given the current rapid change in conditions, both participants on the financial markets and borrowers need to transition quickly. In the short term, this means elevated risks and greater uncertainty.  The already high risks in the commercial real estate sector have continued to increase.

FI Analysis No. 37: Stress tests of funds’ liquidity risks

2022-11-29 | Funds Reports Stability

FI’s stress tests show that the majority of Swedish funds appear to be able to handle relatively large outflows in an effective manner. However, some corporate bond funds and a relatively large share of high-yield bond funds may experience liquidity problems under stressed market conditions.

Capital requirements of Swedish banks as of Q3 2022

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 Q3 2022.

TRS 2 system closed on Wednesday, 23 November

2022-11-21 | News Reporting Markets

The TRS 2 system will be closed for maintenance on Wednesday, 23 November. It will be possible to submit TR files, but feedback will not be sent until after the maintenance is completed.

Susanna Grufman takes over as acting director general

2022-11-21 | News About FI

Susanna Grufman has been the deputy director general since March 2020 in addition to her role as executive director for Markets. She will take over today, 21 November, as acting director general as Erik Thedéen steps down from his role as director general to become the head of the central bank.

Aerofinancing

2022-11-18

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent Aerofinancing are offering Swedish investors to trade with securities.

SIP Nordic receives a warning and an administrative fine

2022-11-18 | News Consumer Markets

SIP Nordic Fondkommission AB (SIP Nordic) is receiving a warning and must pay an administrative fine of SEK 6.7 million.

Celina Fondförvaltning receives warning and administrative fine

2022-11-16 | News Consumer Markets

Celina Fondförvaltning AB (Celina) is receiving a warning and must pay an administrative fine of SEK 10 million.

Borrower-based measures following high inflation and rising interest rates

2022-11-11 | Mortgage Reports Bank

Changing or pausing the amortisation requirements is not an accurate or appropriate measure for helping the households with the greatest need for financial support to handle their higher costs. This is the conclusion of FI’s evaluation of how the amortisation requirements impact households with lower incomes and small margins in today’s difficult economy.

Improperly issued error codes CON-070 and CON-160 may occur in the TRS 2 validation

2022-11-08 | News Reporting Markets

From around the 26:th of October it has occurred that Buyer and Seller LEI have been wrongly validated, which has resulted in improperly issued error codes CON-070 and CON-160.

The TRS 2 system’s test environment will be closed for maintenance on Wednesday, 9 November

2022-11-02 | News Reporting Markets

It will be possible to submit TR files, but feedback will be sent first after the maintenance has been completed.

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.

Reciprocation of Norwegian systemic risk buffer

2022-10-28 | News Stability Bank

Finansinspektionen has reciprocated the Norwegian systemic risk buffer.

Funds with sustainable investment as its objective

The Swedish Financial Supervisory Authority, Finansinspektionen (FI) has conducted an in-depth analysis of how managers of funds registered in Sweden that have sustainable investment as its objective (so-called Article 9 funds) meet the requirements on sustainability-related disclosures in the pre-contractual information they must provide to investors.

Vaska Ventures

2022-09-30

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TRS 2 system closed on Wednesday, 5 October

2022-09-30 | News Reporting Markets

The TRS 2 system will be closed for maintenance on Wednesday, 5 October.

Scheduled maintenance: The Reporting Portal

2022-09-28 | Reporting

On Monday, 28 September until 10.00 AM, there may be operational disruptions due to scheduled maintenance. The disruptions might affect login to the Reporting Portal.

TRS 2 closed 28 september

2022-09-20 | News Reporting Markets

The FTP server for the TRS 2 system will not be available on 28 September 2022 due to a change in certificate.

The TRS 2 system’s test environment will be closed for maintenance on Wednesday, 21 September

2022-09-16 | News Reporting Markets

It will be possible to submit TR files, but feedback will be sent first after the maintenance has been completed.

Erik Thedéen: Adjustments needed on the commercial real estate market

Erik Thedéen, Director General of Finansinspektionen (FI), spoke at the Öresundsmarknaden conference about FI’s view on the commercial real estate market.

FI leaves the countercyclical buffer rate unchanged

FI leaves the countercyclical buffer rate unchanged. The buffer rate of 2 per cent, which will be applied as of 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.

Money remittance provider Moneygram must resolve anti-money laundering deficiencies

The foreign money remittance provider Moneygram International SPRL has not had a sufficient scope in the general risk assessment of its operations in Sweden to its assessment of the risk of being used for money laundering or terrorist financing. Therefore, FI has decided to issue an injunction to Moneygram to resolve the deficiencies by 30 December of this year.

Moneygram receives injunction to take remedial action

Moneygram International SPRL has not applied a sufficient scope to its assessment of the risks of its operations in Sweden being used for money laundering. Moneygram must resolve these deficiencies no later than 30 December 2022.

Minutes from the extraordinary meeting of the Financial Stability Council held on 4 September 2022

The minutes from the Financial Stability Council’s extraordinary meeting on 4 September is now available.

Office for Financial Inspection

2022-09-09

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Unclear information about sustainable funds

The disclosures provided about funds with sustainable investment as their objective are often unclear. This is the conclusion of an in-depth analysis conducted by Finansinspektionen (FI). In many cases, the disclosures provided in the funds’ prospectuses need to be clearer and more specific.

FI closes investigation into EQT AB

Finansinspektionen has closed an investigation into whether EQT AB was in violation of EU’s Market Abuse Regulation (MAR) when the company disclosed information on 7 September 2021 regarding a revision of the existing lock-up agreements. FI has closed the investigation.

Test environment for TRS 2 closed 14 september

2022-09-05 | News Reporting Markets

The FTP server for the TRS 2 system's test environment will not be available on 14 September 2022 due to a change in certificate.

The Swedish Financial Stability Council agrees on measures to safeguard financial stability

The Swedish Financial Stability Council agrees on measures to safeguard financial stability. The council met on Sunday the 4th of September for an extraordinary meeting due to the liquidity problems in the market for electricity derivatives.

Commercial real estate debt, non-banks, and the stability of the financial system

Karin Lundberg, Executive Director of Banking, FI, talked about commercial real estate debt, non-banks, and the stability of the financial system in a speech at the UBS Annual Nordic Financial Services Conference.

Palle Securities

2022-08-31

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Walletsafe

2022-08-26

It has come to the attention of Finansinspektionen (FI), the Swedish Financial Supervisory Authority, that persons claiming to represent the company are offering financial services to Swedish investors.

Do you need insurance for your new TV?

When purchasing a mobile telephone, TV or appliances, for example, you often receive an offer to buy insurance for the newly purchased item. FI will now review whether so-called product insurances create unnecessary costs for customers without providing extra protection.

Capital requirements of Swedish banks as of Q2 2022

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 2022.

Areatrading

2022-08-24

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Erik Thedéen: Current assessment of financial stability

FI’s Director General Erik Thedéen participated in a panel discussion on the opportunities and risks associated with increased application of artificial intelligence and machine learning within lending and advice to households. Before he described FI’s view on this topic, Thedéen commented briefly on FI’s current assessment of the stability of the Swedish financial system.

CRPCON

2022-08-09

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Supportbinance (Clone)

2022-08-01

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Blockchainsupport (Clone)

2022-08-01

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Blockchainteam (Clone)

2022-08-01

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Soslis

2022-08-01

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Do loyal policyholders pay more?

Finansinspektionen has analysed whether loyal policyholders pay higher premiums for the three non-life insurance products that are most important for consumers: home insurance (contents), home insurance (building) and private car insurance. The analysis shows that premiums for home insurance (contents) are raised significantly more for loyal customers than for new customers. The premiums for home insurance (building) also are raised more for loyal customers, but this does not apply to private car insurance.

XTR-Brokers

2022-07-05

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FI presents new Pillar 2 method for pension risk in credit institutions

Finansinspektionen presents here a new Pillar 2 method for assessing an additional own funds requirement for pension risk in credit institutions.

Supervisory disclosure

2022-06-30 | Markets

The purpose of the supervisory disclosure framework is to enhance the transparency of supervisory practices and to provide a comprehensive overview of regulatory rules adopted.

Rules and guidance

2022-06-30 | Markets

This section contains information concerning national laws, regulations and administrative rules adopted in Sweden in the field of prudential supervision.

Options and national discretions

2022-06-30 | Markets

This section contains information concerning how options and national discretions embedded in Directive (EU) 2019/2034 and Regulation (EU) 2019/2033 are exercised in the Swedish legislation.

Supervisory review

2022-06-30 | Markets

This section contains information concerning the general criteria and methodologies used in the supervisory review and evaluation process by the Swedish Financial Supervision Authority.

Statistical data

2022-06-30 | Markets

This section contains statistical data on key aspects of the implementation of the prudential framework in Sweden. For an overview regarding statistical data of each EU Member State see the corresponding section on the EBA's website.

Decisions regarding reciprocation of macroprudential measures in three EU countries

2022-06-29 | ESRB News Stability

Finansinspektionen has passed decisions concerning reciprocation of macroprudential measures in Lithuania, Belgium and the Netherlands.

Jacob Henriksson new executive director for Administration and Operational Support

2022-06-29 | News About FI

Jacob Henriksson comes most recently from the Swedish Fortifications Agency where he worked for almost five years as CFO and deputy director general.

Alpha Finance

2022-06-29

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Svea Bank receives a remark and an administrative fine

2022-06-22 | Sanctions Consumer Bank

Svea Bank is being issued a remark and must pay an administrative fine of SEK 45 million.

Resurs Bank receives a remark and an administrative fine

2022-06-22 | Sanctions Consumer Bank

Resurs Bank is being issued a remark and must pay an administrative fine of SEK 50 million.

The countercyclical buffer rate will be raised

FI has decided to raise the countercyclical buffer rate to 2 per cent, which is its neutral level. This was already communicated in the report Stability in the Financial Markets. Due to the 12-month implementation period, this rate will start to go into effect at the end of June 2023.

Svea Bank and Resurs Bank receive remarks for insufficient credit assessments

2022-06-22 | News Consumer Bank

Svea Ekonomi, which has now merged with Svea Bank, and Resurs Bank have been deficient in their credit assessments of consumers who received large unsecured loans. Both banks are therefore receiving a remark and an administrative fine of SEK 45 million and SEK 50 million, respectively.

Erik Thedéen to step down from FI

2022-06-17 | News About FI

Erik Thedéen will step down from his role as director general at FI on 1 January 2023 to become the head of Sweden’s central bank.

https://capitalfunds.co

2022-06-15

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Propel Capital (Clone)

2022-06-14

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FI would like to see data on declined bank accounts

2022-06-09 | News Consumer Bank

Finansinspektionen views seriously the complaints from consumers who have been denied a bank account, and the authority is now encouraging banks to carefully maintain data on how many people are experiencing problems opening an account. This data will give a clearer overview of the situation and help find solutions.

Start of regular publication of aggregate short positions

2022-06-09 | News Markets

Starting today, Finansinspektionen will regularly publish the total of all short positions that must be reported to FI.

It is now possible to update the installed application for periodic reporting

2022-06-07 | News Reporting Markets

Rapporteurs need to update the application for periodic reporting that they have installed locally. The new version is now available to download and install.

Rising interest rates put pressure on indebted households and firms

2022-05-31 | News Stability Markets

Interest rates are rising rapidly in the wake of high inflation. High interest rates and lower risk appetite are placing downward pressure on risk-taking and asset prices. In the long term, this can slow the growth of debt and benefit financial stability. However, the large debts that built up over the extended period of low interest rates are putting pressure on highly indebted households and firms.

FI intends to raise the countercyclical buffer rate to 2 per cent

Finansinspektionen (FI ) intends to raise the countercyclical buffer rate to 2 per cent in Q2 2022.

Stability in the Financial System (2022:1)

Interest rates and interest rate expectations have increased in 2022 due to high and rising inflation. One sector that is vulnerable to rising interest rates is the commercial real estate sector. FI has also noted that liquidity on the bond markets has decreased, and the functionality of the corporate bond market is once again impaired.

Service disruptions in Fidac

2022-05-30 | Reporting

Due to maintenance, there may be service disruptions in Fidac on 30 May between 3 am and 5 am.

Operational interruption in TRS 2 for maintenance

2022-05-25 | News Reporting Markets

The TRS 2 system will be closed for maintenance on Tuesday, 31 May, due to the roll-out of the European Securities and Markets Authority’s (ESMA) updated validation rules.

FI publishes aggregate short positions

2022-05-25 | News Markets

Starting today, and on every Wednesday at 1:00 PM, Finansinspektionen will publish aggregate outstanding short positions.

Nordnet Bank receives a remark and an administrative fine

Nordnet Bank is being issued a remark and must pay an administrative fine of SEK 100 million.

Nordnet receives a remark and an administrative fine

2022-05-25 | News Consumer Insurance

Finansinspektionen (FI) is issuing Nordnet Bank AB a remark for violations related to the bank's intraday short selling service. Nordnet must also pay an administrative fine of SEK 100 million.

Capital requirements of Swedish banks as of Q1 2022

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 2022.

FI appoints auditor after IT incident at Swedbank

2022-05-17 | News Stability Consumer

Finansinspektionen (FI) is appointing an auditor to map the IT incident that occured at Swedbank AB during the night between 28 and 29 April and resulted in incorrect balances being shown in customers’ accounts.

Discussion with banks on the right to open payment accounts

2022-05-16 | Fintech News Consumer

Finansinspektionen has invited several banks to a roundtable discussion on Friday, 20 May, on the right to open payment accounts. The background is that the number of complaints FI is receiving from consumers who are being denied a payment account is increasing. Some also have their accounts blocked or closed.

Increased cyber security in the finance sector is needed

2022-05-16 | News Stability Consumer

The financial sector must quickly become better at preventing and handling cyber threats. Customers and society at large must be able to trust that the critical services offered by financial corporations will function even during periods of uncertainty and in the presence of threats. As commissioned by the government, Finansinspektionen (FI) therefore has proposed a number of measures to increase resilience to cyber attacks in the financial sector.

Vexomarkets

2022-05-11

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Foreign business operation in Sweden

2022-05-09 | Bank

Foreign firms with authorisation in their home country to conduct business as a credit institution may conduct cross-border business in Sweden.

Ability Corporate Advisory

2022-05-09

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Binance Research (Clone)

2022-05-09

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TRS 2 system continues to experience disruptions

2022-05-06 | News Reporting Markets

The TRS 2 system has been experiencing operational disruptions following the technical maintenance performed on Wednesday. Some rapporteurs are having difficulty connecting or not receiving feedback.

Grand Pacific Trade

2022-05-04

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Fullmarkets

2022-04-29

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Ercbrokers

2022-04-29

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Consumer Protection Report 2022

2022-04-28 | Reports Consumer Markets

Unsound lending practices and commission from the sale of financial instruments are the highest prioritised risks in Finansinspektionen’s (FI) consumer protection assignment for 2022.

Erik Thedéen: More active economic policy can strengthen financial stability

"FI has a mandate to safeguard financial stability. This means that we are prepared to further enhance resilience in the financial system to manage the growing risks associated with household and corporate debt. However, I would rather see structural reforms on the construction and housing market and a more suitable housing tax since both of these would improve the functionality of the housing market and benefit financial stability."

Are banks refusing to open payment accounts for too many customers?

2022-04-28 | News Consumer Markets

Are banks correct in refusing to open accounts for certain consumers? And what role do credit intermediaries play in many consumers taking large unsecured loans? These are two of the issues that Finansinspektionen (FI) will look more closely at in 2022 and that we present in this year's Consumer Protection Report.

FI Analysis No 36: Has FI’s risk weight floor had an impact on banks’ CRE lending?

2022-04-28 | Reports Stability Bank

In this FI Analysis, we study how the risk weight floor has impacted the banks’ lending to CRE firms using detailed lending data. The aim is to analyse whether the risk weight floor impacted the banks’ interest margins and the risk in their lending. We also investigate how the volume of bank loans and bonds to CRE firms has changed before and after the introduction of the risk weight floor.

TRS 2 closed for maintenance

2022-04-27 | News Reporting Markets

TRS 2 will be closed for maintenance the 4 May.

Finansinspektionen introduces new online tool for applications

2022-04-26 | News Reporting About FI

The objective of the new online tool is to facilitate and streamline the application process at FI. It should be easy to submit an application to Finansinspektionen correctly and difficult to submit an application incorrectly. It will also be possible to track an application through the different stages of FI’s processing. The first applications that can be submitted via the new online tool will be management and owner management suitability assessments, and this module is expected to be operational in the autumn.

Nodea Credit Union

2022-04-20

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Fxwet

2022-04-20

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Many households are sensitive to higher interest rates

2022-04-20 | Mortgage News Stability

New mortgagors took out loans that were 12 per cent larger last year than in 2020. The average loan-to-value ratio for new mortgagors rose from 307 to 327 per cent. This is the highest figure since FI started its mortgage survey. The stricter amortisation requirement has slowed rising loan-to-income ratios. The high debt means that borrowers’ personal finances are under more pressure when interest rates rise.

The Swedish Mortgage Market 2022

Swedish households continue to take increasingly larger loans. More new mortgagors than in previous years had both a high loan-to-income ratio and a high loan-to-value ratio. Higher inflation and rising interest rates mean that mortgagors have smaller margins in their personal finances. This decreases the consumption capacity at the same time as the mortgagors’ ability to repay their loan is impaired.

FI reviews sustainable funds

Demand for green and sustainable investments is increasing rapidly. This increases the risk of greenwashing, i.e. presenting organisations and products as more sustainable than what they are in reality. Finansinspektionen (FI) will therefore review that the disclosures provided about the funds classified as the most sustainable fulfil the strict requirements placed on them.

Climate-related transition risks must be given priority

2022-04-08 | Sustainability News Bank

The data and methods available for measuring climate-related transition risks are under development. There is a lot of work going on in this area, in the banks and in organisations at national and international level, but it is important that the banks calculate and manage these risks already today. It is no good waiting for better data and fully standardised and harmonised methods to become available. Finansinspektionen (the Swedish Financial Supervisory Authority) and the Riksbank have jointly applied the Paris Agreement Capital Transit Assessment Tool (PACTA) to measure climate-related transition risks in the banks' credit portfolios. The results show that there are transition risks that banks have to take into account.

Do loyal policyholders pay more?

Insurance companies in the United Kingdom and Ireland raise their premiums more for loyal customers than they do for policyholders who change their provider frequently. Finansinspektionen (FI) will now look more closely at what happens in Sweden for home and auto insurance customers.

Johanna Fager Wettergren: Social factors are important for sustainable investments

“A lot is about common sense; there isn't time to wait for the perfect solutions. This obviously applies to the climate, but it also clearly applies to social issues. Politicians may be equipped with the sharpest tools – but the financial sector has a very important role to play.”

FI leaves the countercyclical buffer rate unchanged

In accordance with the assessment in the most recent stability report, FI leaves the countercyclical buffer rate unchanged. The buffer rate of 1 per cent that was decided on 28 September 2021 will be applied as of 29 September 2022. Until then, the buffer rate is 0 per cent, which is the rate that has applied since 16 March 2020. The countercyclical buffer guide is calculated at 0 per cent.

Erik Thedéen's speech at the A4S Roundtable

Erik Thedéen, Finansinspektionen's Director General made a speech at the A4S Reporting Roundtable the 1 March in London.

New EU sanctions in response to the situation in Ukraine

2022-02-28 | Ukraine News Markets

EU is implementing new and expanded sanctions in response to the situation in Ukraine. Sanctions issued by the European Union in the form of regulations are directly applicable in Sweden.

Target Global Investments

2022-02-25

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Capital requirements of Swedish banks as of Q4 2021

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 Q4 2021.

Installed application for periodic reporting will be upgraded this spring

2022-02-24 | News Reporting Markets

The application that is used for some periodic reporting to Finansinspektionen and that rapporteurs have installed locally on their computers will need to be upgraded later this spring. The reason for the upgrade is security improvements.

Tredexo / ABAX Inc.

2022-02-23

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fi-fsa-se.com

2022-02-22

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Trustly and ClearOn each receive a warning and an administrative fine

Finansinspektionen (FI) issues payment service companies Trustly Group AB (Trustly) and ClearOn AB (ClearOn) warnings for severe deficiencies under the anti-money laundering regulatory framework.

ClearOn receives warning and administrative fine

ClearOn is receiving a warning and must pay an administrative fine of SEK 14 million.

Trustly Group receives warning and administrative fine

Trustly Group AB is receiving a warning and must pay an administrative fine of SEK 130  million. The company is also ordered to address certain deficiencies.

MM Global Pvt

2022-02-15

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TRS 2 closed for maintenance

2022-02-09 | News Reporting Markets

TRS 2 will be closed for maintenance Wednesday the 16 February.

FI’s prioritised areas for 2022

2022-02-03 | News Markets Insurance

Do firms lend money to people who cannot pay back the loan? Do financial firms work enough with their IT security? How green are green funds, in reality? These are three areas that Finansinspektionen (FI) will investigate more closely in 2022.

Energy-intensive mining of crypto-assets

2022-02-01

The mining of cryptoassets requires an enormous amount of electricity and therefore has a major negative impact on the climate. Production leads to major emissions of greenhouse gases and threatens the climate transition.

Sustainability

2022-02-01 | Sustainability

FI’s assignment includes a responsibility to ensure that the financial system contributes to sustainable development. We base this sustainability work on FI’s mandate, the regulations governing sustainable finance, and the tools at our disposal as a supervisory authority.

The threshold for notifing net short positions is lowered

2022-01-27 | ESMA News Markets

The notification threshold is permanently lowered from 0.2 per cent to 0.1 per cent.

Postponed maintenance of the TRS 2 system

2022-01-24 | News Reporting Markets

TRS 2 will be closed for maintenance on Monday the 31 January.

TRS 2 closed for maintenance

2022-01-19 | News Reporting Markets

TRS 2 will be closed for maintenance on Monday the 24 January.

Global

2022-01-18

The transition to a sustainable economy and the threat to the climate require global solutions. The world’s capital markets are also interconnected. This means that international rules and standards are required to steer the development in the proper direction. FI is therefore pursuing sustainability-related efforts together with other supervisory authorities around the world.

EU

2022-01-18

The EU and the European Financial Stability Facility (ESFS) prepare rules that are very important for the financial market’s role in sustainability developments.

International work

2022-01-18

Sustainability is a central matter for FI in its international work. Matters related to the link between sustainability and the financial market (sustainable finance) are high on the agenda in several of the international organisations to which FI belongs. We are working actively with these matters at both within the EU and globally.

Taxonomy

2022-01-18

The Taxonomy Regulation contains rules for determining when an economic activity should be considered environmentally sustainable. As of 1 January 2022, the Taxonomy Regulation is applicable to the first two climate-related environmental objectives. As of 1 January 2023, its application will be expanded to include water and marine resources, the transition to a circular economy, pollution, and biodiversity.

Sustainability-related disclosures

2022-01-18

The EU Sustainable Finance Disclosure Regulation (SFDR) regulates, among other things, how Swedish fund management companies, insurance companies, and financial advisors must inform their investors and customers on sustainability factors (ESG factors).

Sustainability reporting

2022-01-18

Rules on accounting and reporting of sustainability-related information are laid down in international, EU and Swedish law.

Sustainability regulations

2022-01-18

Rules on accounting, reporting and disclosures of sustainability-related information are set out in international, EU and Swedish law. The aim is to create a more uniform design for the presentation of sustainability-related information and promote transparency on the financial market.

FI and sustainability

2022-01-18

FI has a roadmap for its work with sustainable finance. It sets out three goals that will guide our work through 2025. We will base this sustainability work on FI’s mandate, the regulations related to sustainable finance, and the tools at our disposal as a supervisory authority.

Management team expands

2022-01-14 | News About FI

As of 1 March, HR will become its own office and report directly to FI’s director general. Following this change, HR Director Karolina Lirón Källåker will become an executive director and join FI’s management team.

Susanna Grufman new executive director of Markets

2022-01-13 | News About FI Consumer

On 1 February, Susanna Grufman will become the executive director of FI’s Markets section. She will continue to serve as the deputy director general and maintain responsibility for consumer protection matters.

2021

Application for administrator authorisation – STIBOR may continue to be used while FI evaluates the application

2021-12-27 | BMR News Markets

Swedish Financial Benchmark Facility AB (SFBF) submitted an application to Finansinspektionen (FI) on 27 December 2021 to become an authorised administrator in accordance with the EU’s Benchmark Regulation (BMR).

Erik Thedéen: Crypto-assets today and in the future

” Ultimately, this is about energy efficiency. Energy is a scarce resource, and as a society, we have invested heavily in energy-efficiency improvements across all sectors. We need to consider a similar technology shift for crypto-assets.”

Recommended actions in the event STIBOR is no longer provided

2021-12-17 | BMR News Markets

The Swedish Bankers’ Association published a recommendation yesterday on the actions users of the STIBOR reference rate should take if STIBOR were no longer provided. Finansinspektionen (FI) would therefore like to clarify how we will issue statements, if necessary, in the event STIBOR ceases to be provided.

FI extends the risk weight floor for Swedish mortgage exposures

FI has decided to extend the risk weight floor by two years, from 31 December 2021 to 30 December 2023.

Daxiron

2021-12-16

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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. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 0 per cent.

Updates in reporting AML

New reporting questions in 2022

FI Supervision 19: Credit institutions’ management of counterparty risk and CVA risks

2021-12-09 | Reports Markets Bank

FI has conducted an investigation into a number of credit institutions’ exposures, risk measurement and management of counterparty risk and credit valuation adjustment (CVA) risk related to positions in financial derivatives.

FI Analysis 35: Lender significance for repayment problems and debt at the Swedish Enforcement Authority

2021-12-07 | Reports Consumer Bank

There are different types of lenders. They offer different types of loans, and their risk tolerance varies. The risk tolerance is evident in their business model, which consists in part of how they conduct their credit assessment. There are also different types of borrowers. Some want small loans, and others want big loans. Both the lender’s credit assessment and the borrower’s repayment capacity are often better for large loans. The small loans represent a large share of early repayment problems – reminders and collection notices. But the borrower can often pay back small loans before they are registered with the Swedish Enforcement Authority.

Service Disruptions PDMR Reporting

2021-12-07 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 8 December between 9 am and 12 am.

European Commission approves extension of the risk weight floor for Swedish mortgages

2021-12-06 | ESRB Mortgage EBA

The European Commission has announced that it does not intend to object to FI's intention to extend the current risk weight floor for Swedish mortgages. This means that FI may implement the measure.

Turbomillion

2021-12-03

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Euro Clearing Bank Sweden

2021-11-24

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Capital requirements of Swedish banks as of Q3 2021

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 Q3 2021.

Stability in the Financial System (2021:2)

Sweden’s economy has largely recovered and there is good access to financing in the financial system. The Riksbank should therefore begin the phase-out of asset purchasing to avoid further increase of risk-taking. Amongst others, FI sees growing risks within the commercial real estate companies.

Resilience is needed as the risks in the commercial real estate sector increase

The economic recovery has been stronger than expected this year, in part due to strong support measures during the pandemic. At the same time, risks are building up, writes Finansinspektionen (FI) in its second stability report of the year. The report is being presented today by Director General Erik Thedéen and Chief Economist Henrik Braconier at a press conference.

IMF to assess financial stability in Sweden

2021-11-19 | News Stability Markets

The International Monetary Fund (IMF) will conduct a review of the financial sector and the work of the authorities on financial stability, a so-called FSAP (Financial Sector Assessment Program) in 2022. FSAPs are conducted regularly for countries with systemically important financial markets. In its report, the IMF will highlight any flaws and risks in the system and propose measures to deal with them.

Continued problems with credit assessments of consumer credits

2021-11-17 | News Consumer Bank

Borrowers of consumer credits have higher incomes and pay less for their loans in relation to their income compared to previous years. But we are seeing deficiencies in the credit assessment, and many borrowers are still receiving collection notices. Young borrowers are still overrepresented among those that experience early repayment problems. These are the conclusions from this year’s consumer credit survey.

Swedish Consumer Credit

2021-11-17 | Reports Consumer Bank

One of Finansinspektionen’s (FI) assignments is to promote a high level of protection for consumers on the financial markets. FI does this in part by conducting an annual survey of new consumer credit. The survey helps enhance our understanding of consumer credit and the risks it entails for borrowers. Loans and loan service payments have a major impact on household finances. For a borrower with an average income that takes out a large consumer credit, the monthly payment for the interest and amortisation payments can correspond to the payment of a significantly larger mortgage.

TRS 2 closed for maintenance 18 November

2021-11-16 | News Reporting Markets

TRS 2 will be closed for maintenance the 18 November.

Service Disruptions PDMR Reporting

2021-11-16 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 17 November between 9 am and 12 am.

Crypto-assets are a threat to the climate transition – energy-intensive mining should be banned

The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions. Crypto-asset producers are keen to use more renewable energy, and they are increasing their presence in the Nordic region. Sweden needs the renewable energy targeted by crypto-asset producers for the climate transition of our essential services, and increased use by miners threatens our ability to meet the Paris Agreement. Energy-intensive mining of crypto-assets should therefore be prohibited. This is the conclusion of the director generals of both the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency.

Service disruptions in the Reporting Portal

2021-11-02 | Reporting

Due to maintenance, there may be service disruptions in the Reporting Portal on the morning of Wednesday 10 November.

Erik Thedéen talks about sustainability reporting at COP26

A global standard for sustainability reporting will make it possible for the finance sector to steer investments from harmful activities to activities that contribute to the climate transition. Finansinspektionen’s (FI) Director General Erik Thedéen will be at the UN’s climate conference (COP26) in Glasgow to talk about this work.

The TRS2 test environment closed on Monday for maintenance

2021-10-27 | News Reporting Markets

On Monday, 1 November, the TRS2 test environment will be closed for maintenance.

Service Disruptions PDMR Reporting

2021-10-26 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 27 October between 9 am and 12 am.

Incident in the TRS 2 test environment resolved

2021-10-22 | News Reporting Markets

The incident entailing missing or incomplete feedback in the TRS2 test environment has been resolved today the 22 October. FF- and FD-files are now generated normally.

FI increases sustainability efforts with new manager

Finansinspektionen (FI) is creating a new position to strengthen its work within sustainability. Johanna Fager Wettergren will be the new Head of Sustainable Finance.

Ongoing incident in the test environment for TRS 2

2021-10-21 | News Reporting

There has been an ongoing incident since 18 October in the test environment for TRS 2. Submitting entities are either not receiving all expected feedback or receiving no feedback at all (neither FF nor FD files). Troubleshooting is in progress.

Danske Bank has deficiencies in its anti-money laundering work

Danske Bank has not sufficiently assessed the risk of how the bank’s products and services in Sweden may be used for money laundering and terrorist financing. Danske Bank must therefore rectify these deficiencies no later than June 30, 2022.

Danske Bank receives injunction to take remedial action

Danske Bank has not sufficiently assessed the risk of how the bank’s products and services in Sweden may be used for money laundering and terrorist financing. Danske Bank therefore must rectify this deficiency no later than 30 June 2022.

Service Disruptions PDMR Reporting

2021-10-13 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 13 October between 9 am and 12 am.

FI withdraws the authorisation of securities company Nordic Fondkommission AB

2021-10-13 | News Consumer Markets

Finansinspektionen (FI) is withdrawing the authorisation of securities company Nord Fondkommision AB (Nord) due to severe deficiencies in the company’s advisory activities and other areas. This decision means that the company must cease all regulated activities. As a result, it may no longer provide financial advice or sell financial products. The decision will be presented by FI Director General Erik Thedéen and Chief Legal Counsel Eric Leijonram at a press conference today, Wednesday, 13 October, at 10:00 AM.

Nord Fondkommission AB’s authorisation is withdrawn

Finansinspektionen (FI) is withdrawing all of Nord Fondkommission AB’s (Nord) authorisations due to severe deficiencies, in part in the company’s advisory services.

FI Supervision 24: Complaints handling in insurance firms

Finansinspektionen (FI) conducted a survey of twenty insurance firms and determined that the firms in general handle complaints in a satisfactory manner, but there is room for improvement.

Children can understand money’s value even without cash

Cash is not necessary for children to understand the value of money. This is the outcome of a study by KTH Royal Institute of Technology that was commissioned by Finansinspektionen (FI). Parents therefore should not let the decreasing use of cash stand in the way of teaching children about money, a knowledge that children need to have for a good understanding of their personal finances as adults.

Elcomercio24

2021-09-30

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FI raises the countercyclical buffer rate to 1 per cent

Finansinspektionen (FI) has decided to raise the countercyclical buffer rate to 1 per cent. The new buffer rate will be applied as of 29 September 2022. Until then, the buffer rate will remain at 0 per cent.

FI opens investigation into EQT AB

Finansinspektionen has decided to open an investigation into EQT AB for suspected breach of the Market Abuse Regulation (MAR) in conjunction with a delayed disclosure of inside information. FI’s handling of this matter is thus entering a new phase.

FI notifies the EU regarding extension of the existing risk weight floor for Swedish Mortgages

Finansinspektionen has notified the Commission and the European Systemic Risk Board (ESRB) that it intends to adopt a decision to extend the current risk weight floor for Swedish Mortgages for a period of two years, in accordance with Article 458 of the CRR.

TRS 2 closed for maintenance

2021-09-17 | News Reporting Markets

On Friday, 24 September, until Sunday, 26 September, TRS 2 will be closed for maintenance.

New guidelines regarding consumer credit assessments

2021-09-15 | Fintech Regulations News

Many consumer credit assessments need to improve to fulfil the requirements of the Consumer Credit Act. Finansinspektionen (FI) is therefore now clarifying what information lenders should gather for a credit assessment and how this information should be used. The new general guidelines will go into effect on 1 November 2021.

FI reviews EQT’s handling of delayed disclosure

On 7 September, FI received a notification from EQT AB regarding a delayed disclosure of inside information. On 14 September, FI requested that the company submit an account of the circumstances that served as a basis for the delayed disclosure. FI will analyse the response from EQT AB in order to decide if there are grounds for further action.

Scheduled maintenance: All reporting systems

2021-09-09 | Reporting

On Saturday and Sunday 18-19 September, there may be operational disruptions due to scheduled maintenance, which affects all Finansinspektionen’s reporting systems.

FI intends to raise the countercyclical buffer rate to 1 per cent

Finansinspektionen (FI) intends to raise the countercyclical buffer rate to 1 per cent in Q3 2021.

FI wants the EU to comply with Basel III

During the autumn, the European Commission will publish a proposal for updated capital adequacy rules for banks within the EU. Finansinspektionen (FI) now urges the EU Commission to stick to the Basel III agreement.

Karin Lundberg: Finansinspektionen’s view on capital and distributions

Karin Lundberg, Executive Director of Banking, talked about Finansinspektionen’s view on capital and distributions in a speech at the  UBS Annual Nordic Financial Services Conference.

New procedures for submission of Key Investor Information Document for foreign UCITS

2021-09-01 | Funds News Markets

Pursuant to Article 93 (7) and (8) of Directive 2009/65/EC, a foreign UCITS established in another Member State authorised for marketing in Sweden must submit to Finansinspektionen annual updates of KIID(s) or updated KIID(s) of share class(es) authorised for distribution in Sweden.

LEI validation in the TRS 2 system is functional again

2021-09-01 | News Reporting Markets

FI has received and input all GLEIF LEI data files that were missing in the TRS 2 system due to an incident that occurred at ESMA during the period 2021-08-10–2021-08-27.

Service Disruptions PDMR Reporting

2021-08-31 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 1 September between 9 am and 12 am.

The TRS 2 system has an ongoing IT incident

2021-08-25 | ESMA News Reporting

ESMA has had an ongoing IT incident since 10 August 2021 that has prevented it from delivering to national supervisory authorities LEI reference data files for transaction validation.

Capital requirements of Swedish banks as of Q2 2021

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 2021.

Proposal to repeal regulations regarding MREL reporting

FI proposes that the regulations (FFFS 2019:1) regarding periodic reporting of data on the minimum requirement for own funds and eligible liabilities (MREL) be repealed.

Mortgages must be amortised again

The rules on amortisation go into effect as normal again after 31 August. The temporary exemption that Finansinspektionen (FI) introduced due to the exceptional uncertainty in the economy during the spring of 2020 is now ending. This means that households with high loan-to-value and debt-to-income ratios must amortise their mortgages.

Verksamt and Your Europe

2021-08-20

Some of FI’s information about applying for authorisation is also available on other websites.

FI will not extend its recommendation regarding dividends

Uncertainty is decreasing, and the economy is continuing to recover. Therefore, the recommendation regarding restrictions on dividends will not be extended. The recommendation ends on 30 September 2021.

Capital of Focus

2021-08-12

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Cash Forex Group / CFX

2021-08-09

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Large Swedish banks show resilience in EU stress test

2021-08-02 | EBA News Bank

The five largest Swedish banks are resilient and have the ability to withstand a sharp deterioration in market conditions, based on the stress test conducted by the European Banking Authority (EBA).

Cross-border distribution of collective investment undertakings [EU] 2019/1156

2021-07-23 | Funds Markets

This page contains information on the national laws, regulations and administrative provisions governing the marketing requirements referred to in Article 5(1) of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings.

Updated Pillar 2 method for assessing flowback risk associated with securitisation

FI has updated its method for assessing flowback risks associated with securitisation for individual banks. The aim is to decide, where applicable, on an additional own funds requirement under Pillar 2 for flowback risks associated with securitisation. This enables us to safeguard that a bank is sufficiently covering the flowback risks to which it is exposed.

Global Fraud Prevention / GFP

2021-07-08

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FI investigates IT incident at Klarna

2021-07-05 | News Bank

FI will investigate whether Klarna violated its duty of confidentiality in conjunction with an IT incident in May when the bank’s customers were able for a limited time to access information about one another. This matter will be added to the investigation that FI has already opened into Klarna’s work with information and cyber security.

Overall assessment of macroprudential measures

Since 2010, FI has implemented a number of macroprudential measures aimed at increasing the resilience in the financial system and subduing the risks associated with high and rising household debt. These measures include tightening the capital requirements on banks and introducing a mortgage cap and two amortisation requirements. In this report, we present an overall assessment of these measures, with a focus on the measures that, via lenders, place restrictions on households’ mortgage borrowing.

Macroprudential measures subdue household loans

2021-06-30 | Mortgage News Stability

The mortgage cap and amortisation requirements have had intended effect and subdued household debt. They are slowing a scenario where new mortgagors borrow more, taking larger loans in relation to the value of the home or their income. These are the conclusions of Finansinspektionen’s (FI) evaluation of the macroprudential measures implemented in Sweden.

FI Analys No 34: Temporary amortisation exemption led to new mortgagors borrowing

The temporary amortisation exemption resulted in new mortgagors borrowing almost 4 per cent more and buying homes that were approximately 1 per cent more expensive, concludes a new FI Analysis.

Maiden Life receives warning and administrative fine

2021-06-23 | Sanctions Insurance

Finansinspektionen is issuing Maiden Life Försäkrings AB a warning. The company must also pay an administrative fine of SEK 5.5 million.

Maiden Life receives warning and administrative fine

2021-06-23 | News Insurance

Finansinspektionen (FI) is issuing Maiden Life Försäkrings AB a warning. The company must also pay an administrative fine of SEK 5.5 million.

FI reciprocates Norwegian risk weight floor

2021-06-21 | ESRB News Stability

Finansinspektionen has passed a decision to reciprocate the Norwegian Ministry of Finance’s decision to implement an average risk weight floor of 20 per cent for retail exposures collateralised by real estate in Norway and of 35 per cent for corporate exposures collateralised by real estate in Norway.

Service Disruptions PDMR Reporting

2021-06-21 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 23 June between 9 am and 12 am.

FI Supervision Report 23: Observations from anti-money laundering reporting

FI has analysed and compared information that firms under FI’s money laundering supervision reported to the authority during the years 2018-2021. The analysis indicates areas where the companies need to develop their processes to better handle the risk of being misused for money laundering or terrorist financing.

Erik Thedéen: Crypto-assets – risks and opportunities

“The technology behind crypto-assets has the potential to create value for society, but crypto-assets like Bitcoin also pose significant risks,” said Erik Thedéen, when he spoke about the development of crypto-assets today at a seminar arranged by the Swedish Investor Relations Association.

Service Disruptions PDMR Reporting

2021-06-11 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 16 June between 9 am and 12 am.

FI Analysis No. 33: Household debt and resilience

The ability to borrow is beneficial to households in many ways. At the same time, debt can make their consumption more sensitive to unexpected changes in interest rates, income, and house prices. This, in turn, can affect how the economy evolves in a crisis. But measures that lead to lower debt don’t necessarily increase the resilience of all households. To assess the effects of borrower-based measures, it is necessary to also consider households’ balance sheets, in particular their liquid assets.

TRS 2 closed for maintenance

2021-06-08 | News Reporting Markets

On Wednesday, 16 June, TRS 2 will be closed for maintenance.

Stability in the Financial System (2021:1)

The economy is continuing to recover. Support measures have been necessary to speed up the recovery, but they need to be gradually phased out as the economy strengthens. This applies primarily to measures that are associated with the build-up of stability risks.

Liquidity tools in UCITS and special funds

2021-06-01 | Funds Reports Markets

Finansinspektionen concludes in a new report that fund managers need access to additional tools to manage liquidity risks in Swedish UCITS and special funds. We consider there to be a certain type of swing pricing that could be used already today. The report outlines a suggestion for how to regulate this and other liquidity management tools in legislation and regulations. FI takes the position that Swedish UCITS only need to be open for redemptions once a week. We suggest that the funds instead only need to be open for redemptions twice a month.

Support measures can build up stability risks

The support measures have been important for offsetting the economic impact of the crisis and speeding up the recovery. However, they can also contribute to greater stability risks in the long run, concludes Finansinspektionen (FI) in this year’s first report on the stability in the financial system, which is being published today.

FI leaves the countercyclical buffer rate unchanged

Finansinspektionen (FI) leaves the countercyclical buffer rate unchanged. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 1.6 per cent.

Driftstörningar: Rapporteringsportalen

2021-05-31 | Reporting

On Wednesday, 2 June, there may be operational disruptions in the morning in the Reporting Portal due to maintenance.

FI’s approach to assess suitable level of own funds in Swedish banks (Pillar 2 guidance)

FI has decided on a general approach to assess the size of a bank’s so-called Pillar 2 guidance. The approach is based on a two-step assessment that starts with a sensitivity-based stress test.

Capital requirements of Swedish banks as of Q1 2021

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 2021.

Memorandum Legislative Measures due to the EU’s Green Taxonomy Regulation

Finansinspektionen (FI) supports in general the proposals in the memorandum. However, FI has some feedback points about the proposals.

Low income the greatest risk factor for loans leading to debt with the Swedish Enforcement Authority

2021-05-12 | News Consumer

One fifth of all debts with the Swedish Enforcement Authority come from loans. And people with low incomes run the greatest risk of suffering repayment problems. Repayment problems often start with life events such as unemployment or illness. This is shown by a new analysis from Finansinspektionen (FI), the Swedish Consumer Agency and the Swedish Enforcement Authority.

FI Analysis 32: Loans, Repayment Problems and Debts with the Swedish Enforcement Authority

2021-05-12 | Reports Consumer

Loans and other debts are of significance to repayment problems. This analysis focuses on the significance of loans to individual’s repayment problems.

TRS2 Test environment will be closed 19 May

2021-05-11 | News Reporting Markets

On Wednesday, 19 May, the test environment of the TRS 2 system will be closed for maintenance.

FI Analysis 31: Funding structure of the major banks – historical trends

2021-05-11 | Reports Bank

This FI analysis describes the funding structure of the major Swedish banks in the period 2002–2019. Consequently, the period analysed does not cover the ongoing pandemic and its impact on the financial markets through central banks’ and supervisory authorities’ various monetary policy and supervision measures.

Disruptions: the Reporting

2021-05-03 | Reporting

On Monday 3 May, there may be operational disruptions in the Reporting Portal due to maintenance.

Appointment of FI’s Director General has been extended

2021-04-29 | News About FI

The Government has decided to extend Erik Thedéen’s employment as director general and head of Finansinspektionen by three years.

FI introduces new reporting system

2021-04-26 | News Reporting Markets

FI has decided to replace several of our existing reporting systems with a new system with the aim of better meeting current and future legal requirements and enhancing user-friendliness for the companies that report via the systems. The new reporting system, FIDAC, will be used for both periodic and event-driven reporting.

Service Disruptions PDMR Reporting

2021-04-26 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 28 April between 9 am and 12 am.

Erik Thedéen: The private sector can and should take the chance to speed up the transition

Climate change is an existential threat to mankind. In order to meet this threat, we need extensive policy decisions. In particular, carbon prices must go up. The private sector and the financial market can contribute, said Finansinspektionen’s Director General Erik Thedéen at the Hållbara Finanser 2021 conference (Sustainable Finances). By already preparing now to be able to quickly report in accordance with future international standards on corporate sustainability reporting and also voluntarily using and reporting internal carbon pricing.

Service Disruptions PDMR Reporting 21 April

2021-04-09 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on 21 April between 9 am and 12 am.

New borrowers are taking larger mortgages

2021-03-24 | Mortgage News Stability

New borrowers are continuing to take larger mortgages in relation to their income and the value of their home, according to this year’s Swedish Mortgage Market, which is being presented today by Finansinspektionen (FI). FI also announces in the report that the temporary exemption from the amortisation requirement will end on 31 August.

The Swedish Mortgage Market (2021)

New borrowers continue to take larger mortgages in relation to their income and the value of their home. At the same time, they have good margins for servicing their loans under weaker economic conditions.

Goldver

2021-03-22

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FI’s approach to setting the countercyclical capital buffer

In a new memorandum, Finansinspektionen describes the general principles for the application of the countercyclical capital buffer. FI is also leaving the countercyclical capital buffer unchanged at 0 per cent.

New memorandum and level of the countercyclical buffer rate

Today Finansinspektionen (FI) publishes a new memorandum, describing its approach for setting the countercyclical buffer rate. FI also leave the countercyclical buffer rate unchanged. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 2.1 per cent.

FI’s approach to setting the countercyclical capital buffer

In a new memorandum, Finansinspektionen describes the general principles for the application of the countercyclical capital buffer.

Service Disruptions PDMR Reporting 24 March

2021-03-19 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on the 24 March between 9 am and 12 am.

FI Analysis 30: Internal price on carbon – what and why?

To reach the climate goals in the Paris Agreement, carbon emissions must go down. The most efficient way to achieve this is by raising the cost of emissions compared to today.

Sustainability Report 2021 – the climate in focus

Finansinspektionen has an assignment to promote the financial system’s contribution to sustainable development. The sustainability report outlines the current sustainability issues that are related to the financial sector and lists examples of what FI is working on in this area.

Enhanced review of sustainability in banks

2021-03-18 | Sustainability News Bank

FI will include a sustainability perspective when reviewing business models and credit risks of banks, according to a report published by FI today.

Temporary lowering of notification threshold expires

2021-03-15 | ESMA News Reporting

The European Securities and Markets Authority (ESMA) has decided not to renew its decision to temporarily lower the notification threshold for when net short positions are to be notified to the relevant national competent authority.

FI extends the risk weight floor for Swedish mortgage exposures

FI has decided to extend the risk weight floor by one year, from 30 December 2020 to 30 December 2021.

Cyber threats and financial stability – FI’s roll and assignments

In recent years, a number of legislative proposals and other initiatives have been presented to strengthen the financial sector’s resilience to cyberattacks. Given this background, Finansinspektionen has prepared a memorandum to describe FI’s role in terms of contributing to strong cyber security and its work to prevent cyber threats to the Swedish financial sector.

FI clarifies obligations for third-party payment service providers

2021-03-03 | PSD 2 Fintech News

Finansinspektionen would like to clarify the obligations of third-party payment service providers when gathering information about bank customers’ payment accounts via digital interfaces. FI has also contacted the banks and reminded them about their obligations as an account servicing payment service provider (ASPSP).

IOSCO takes important step towards global sustainability disclosure

An important step has now been taken towards a global standard for sustainability reporting. The Board of Directors of the International Organization of Securities Commissions (IOSCO) voted during its meeting yesterday for IOSCO to actively work to achieve a unified and comparable global standard for sustainability disclosure. IOSCO’s work in this area is being carried out within the work group led by Finansinspektionen’s Director General Erik Thedéen.

Capital requirements of Swedish banks as of Q4 2020

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 Q4 2020.

Young adults and low-income earners face greatest risk of debt trap

2021-02-24 | News Consumer Markets

Young borrowers and borrowers with low income run a higher risk of experiencing payment problems when they take non-mortgage loans, even if they only borrow small amounts. At the same time, the risk that consumers will get trapped in debt decreases if credit providers conduct thorough credit assessments. These are the conclusions of a new analysis from Finansinspektionen that is presented in conjunction with this year’s consumer protection report.

FI Analysis 29: Why do some borrowers experience payment problems?

2021-02-24 | Reports Consumer

Young borrowers and borrowers with low income have a higher risk of experiencing payment problems when taking non-mortgage loans. The risk decreases if the credit providers conduct more thorough credit assessments. These are the conclusions drawn in a new report from Finansinspektionen (FI).

Consumer Protection Report 2021

2021-02-24 | Reports Consumer Markets

Paying by invoice or with other credit-based offers is becoming an integral part of shopping online. Young adults are unique with their small margins and large number of payment reminders and collection notices. Unaffordable loans are a prioritised consumer risk in this year’s report.

Service Disruptions PDMR Reporting

2021-02-22 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on February 24 between 9 am and 12 am.

FI warns consumers of risks connected to cryptoasset products

Think carefully before buying a financial product containing cryptoassets. The risks are significant and the protections for you as a consumer are weak, FI warns today.

FI Supervision Report 21: Financial instruments with crypto-assets as underlying asset

2021-02-22 | Fintech Reports Consumer

FI conducted a thematic review of the market for financial instruments with crypto-assets as an underlying asset. FI is of the view that there is a lack of adequate consumer protection regulation for crypto-assets. Valuing them is also challenging and the instruments are volatile. This makes the products unsuitable for most, if not all, retail consumers.

2021:1 Bond-financed lending

2021-02-18 | Markets Bank

In this document, FI states its position on what is viewed as receiving repayable funds in accordance with Chapter 1, section 4 of the Banking and Financing Business Act.

FI proposes approach to assess Pillar 2 guidance for Swedish banks

FI is presenting a proposal for a general approach to assess the size of the Pillar 2 guidance for Swedish banks. The proposal is based on a two-step approach that starts with a sensitivity-based stress test. Comments on the proposal may be submitted to FI no later than 12 March.

Topindex

2021-02-11

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Tradingcentralen

2021-02-11

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FI’s prioritised areas for 2021

Are the banks conducting thorough credit assessments when customers apply for consumer credit? Are smaller banks and payment service firms taking sufficient measures to prevent money laundering? What risks will the coronavirus pandemic pose in the future? These are three areas that Finansinspektionen (FI) will look more closely at in 2021.

Finansinspektionen’s prioritised areas for 2021

Consumer protection, money laundering and risks that the coronavirus pandemic may pose in the future are three areas that FI will look more closely at in 2021.

Other authorities and organisations

2021-02-03 | Consumer

We share the responsibility for consumer protection with several other authorities and organisations.

Don’t be fooled again

2021-02-01 | News Consumer

Have you been the victim of investment fraud? Then there is a risk that you will be targeted again. You might be contacted with new investment offers, or you might receive a fake offer to help recover previous losses. Sometimes these offers come right after the first fraud, but other times they come several years later.

Service Disruptions PDMR Reporting

2021-02-01 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on Wednesday 3 February between 9 am and 12 am.

Clarification of Finansinspektionen's sanction decision against Nasdaq Clearing AB

2021-01-29 | News EMIR Markets

By its decision of 26 January 2021, Finansinspektionen (FI) issued Nasdaq Clearing AB a warning for serious deficiencies in its operations. According to the decision, Nasdaq Clearing must also pay an administrative fine of SEK 300 million.

Nasdaq Clearing receives warning and administrative fine of MSEK 300

2021-01-27 | News EMIR Markets

Finansinspektionen (FI) is issuing Nasdaq Clearing AB a warning for serious deficiencies in its operations, in part in conjunction with a member of the firm’s commodities market being declared in default in 2018. Nasdaq Clearing must also pay an administrative fine of SEK 300 million.

Nasdaq Clearing Aktiebolag receives a warning and an administrative fine

2021-01-27 | Sanctions EMIR Markets

Nasdaq Clearing Aktiebolag is receiving a warning and must pay an administrative fine of SEK 300 million.

FATF and other entities

2021-01-25 | Insurance

In Sweden and abroad, there are many more entities which are, in some way, concerned with or work with combating money laundering and terrorist financing. Some of them are presented here. More information can be found on the relevant websites.

FATF and other entities

2021-01-25 | Insurance

In Sweden and abroad, there are many more entities which are, in some way, concerned with or work with combating money laundering and terrorist financing. Some of them are presented here. More information can be found on the relevant websites.

FATF and other entities

2021-01-25 | Markets

In Sweden and abroad, there are many more entities which are, in some way, concerned with or work with combating money laundering and terrorist financing. Some of them are presented here. More information can be found on the relevant websites.

EU sanctions

2021-01-25 | Insurance

International sanctions limit the discretionary actions of a state, a region, a group or individuals. The sanctions that apply in Sweden are decided by the UN or the EU.

EU sanctions

2021-01-25 | Insurance

International sanctions limit the discretionary actions of a state, a region, a group or individuals. The sanctions that apply in Sweden are decided by the UN or the EU.

EU sanctions

2021-01-25 | Markets

International sanctions limit the discretionary actions of a state, a region, a group or individuals. The sanctions that apply in Sweden are decided by the UN or the EU.

Monitoring

2021-01-25 | Markets

A firm shall review transactions in order to detect transactions and other activities that could be suspected to form an element of money laundering or terrorist financing.

Monitoring

2021-01-25 | Insurance

A firm shall review transactions in order to detect transactions and other activities that could be suspected to form an element of money laundering or terrorist financing.

Monitoring

2021-01-25 | Insurance

A firm shall review transactions in order to detect transactions and other activities that could be suspected to form an element of money laundering or terrorist financing.

Risk classification

2021-01-25 | Markets

Customer due diligence measures shall be adapted based on an assessment of the extent of the risk of being used for money laundering and terrorist financing.

Risk classification

2021-01-25 | Insurance

Customer due diligence measures shall be adapted based on an assessment of the extent of the risk of being used for money laundering and terrorist financing.

Risk classification

2021-01-25 | Insurance

Customer due diligence measures shall be adapted based on an assessment of the extent of the risk of being used for money laundering and terrorist financing.

Customer due diligence

2021-01-22 | Insurance

The firm must possess solid knowledge about its customers and their affairs so as to make it more difficult for the business to be used for, and to prevent, money laundering or terrorist financing.

Customer due diligence

2021-01-22 | Insurance

The firm must possess solid knowledge about its customers and their affairs so as to make it more difficult for the business to be used for, and to prevent, money laundering or terrorist financing.

Customer due diligence

2021-01-22 | Markets

The firm must possess solid knowledge about its customers and their affairs so as to make it more difficult for the business to be used for, and to prevent, money laundering or terrorist financing.

Training

2021-01-22 | Markets

A firm’s employees shall receive training to provide them with sufficient knowledge to follow the firm’s anti-money laundering procedures and guidelines.

Training

2021-01-22 | Insurance

A firm’s employees shall receive training to provide them with sufficient knowledge to follow the firm’s anti-money laundering procedures and guidelines.

Training

2021-01-22 | Insurance

A firm’s employees shall receive training to provide them with sufficient knowledge to follow the firm’s anti-money laundering procedures and guidelines.

Procedures

2021-01-22 | Insurance

A firm shall have in place procedures and guidelines in terms of measures for customer due diligence, monitoring, reporting and processing of personal data.

Procedures

2021-01-22 | Insurance

A firm shall have in place procedures and guidelines in terms of measures for customer due diligence, monitoring, reporting and processing of personal data.

Procedures

2021-01-22 | Markets

A firm shall have in place procedures and guidelines in terms of measures for customer due diligence, monitoring, reporting and processing of personal data.

Firms subject to the Act

2021-01-22 | Markets

Both financial firms and non-financial business operators are subject to the Money Laundering and Terrorist Financing (Prevention) Act.

Terrorist financing

Activities that constitute “terrorist financing” are described in the Money Laundering and Terrorist Financing (Prevention) Act (the Anti-Money Laundering Act).

Risk assessment

2021-01-22 | Markets

Banks, insurance companies and other financial firms must perform an assessment of the risk of the products and services they offer being used for money laundering or terrorist financing. The firm must also assess the scope of this risk.

Risk assessment

2021-01-22 | Insurance

Banks, insurance companies and other financial firms must perform an assessment of the risk of the products and services they offer being used for money laundering or terrorist financing. The firm must also assess the scope of this risk.

Risk assessment

2021-01-22 | Insurance

Banks, insurance companies and other financial firms must perform an assessment of the risk of the products and services they offer being used for money laundering or terrorist financing. The firm must also assess the scope of this risk.

Process – work method for measures to counteract risks of money laundering

2021-01-22 | Markets

These steps should be included in a comprehensive process to avoid the risk of being used for money laundering and the financing of terrorism.

Process – work method for measures to counteract risks of money laundering

2021-01-22 | Insurance

These steps should be included in a comprehensive process to avoid the risk of being used for money laundering and the financing of terrorism.

Process – work method for measures to counteract risks of money laundering

2021-01-22 | Insurance

These steps should be included in a comprehensive process to avoid the risk of being used for money laundering and the financing of terrorism.

Firms subject to the Act

2021-01-22 | Insurance

Both financial firms and non-financial business operators are subject to the Money Laundering and Terrorist Financing (Prevention) Act.

Firms subject to the Act

2021-01-22 | Insurance

Both financial firms and non-financial business operators are subject to the Money Laundering and Terrorist Financing (Prevention) Act.

Terrorist financing

2021-01-22 | Insurance

Activities that constitute “terrorist financing” are described in the Money Laundering and Terrorist Financing (Prevention) Act (the Anti-Money Laundering Act).

Terrorist financing

2021-01-22 | Insurance

Activities that constitute “terrorist financing” are described in the Money Laundering and Terrorist Financing (Prevention) Act (the Anti-Money Laundering Act).

FI Analysis 28: Liquid assets of Swedish households

Aggregate statistics indicate that Swedish households are holding significant assets in the form of cash, bank savings, fund shares and securities. The overall value corresponds today to an average of SEK 1 million per household. However, because these economic buffers are unevenly distributed between households, the average is a poor measure for assessing the risk of a significant drop in consumption following an economic shock.

Service Disruptions: the Reporting Portal

2021-01-20 | Reporting

On Wednesday January 20, there may be operational disruptions in the Reporting Portal due to maintenance.

FI Analysis 27: Non-financial firms and financial stability: a description of vulnerabilities

2021-01-19 | Reports Stability Bank

This FI Analysis describes how vulnerabilities from lending to non-financial firms arise and why FI needs to follow them to fulfil its assignment to safeguard financial stability.

TRS 2 closed for maintenance

2021-01-18 | News Reporting Markets

On Tuesday, 26 January, TRS 2 will be closed for maintenance.

Update of FI’s Company Register

Due to the United Kingdom’s withdrawal from the European Union, financial actors’ right to conduct cross-border operations in or from the United Kingdom that are based on European Union law was repealed on 1 January 2021.

2020

Authorisation

2020-12-28 | Reporting

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Signatory

2020-12-28 | Reporting

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Register an account

2020-12-28 | Reporting

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DMA Direct

2020-12-22

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New procedures to enhance transparency

2020-12-22 | News About FI Markets

As of 1 January 2021, FI will implement new procedures for how it announces opened and closed supervision investigations.

Reporting to FI

2020-12-21 | Markets

Firms must report information annually in FI's system for periodic reporting.

Money Laundering

2020-12-21 | Markets

Many of the firms that are subject to Finansinspektionen's supervision must comply with the regulations intended to prevent the firms being misused for money laundering and terrorist financing. Information is presented here about what the firms in the financial industry need to do to comply with the regulations.

Money Laundering

2020-12-21 | Insurance

Many of the firms that are subject to Finansinspektionen's supervision must comply with the regulations intended to prevent the firms being misused for money laundering and terrorist financing. Information is presented here about what the firms in the financial industry need to do to comply with the regulations.

Money Laundering

2020-12-21 | Insurance

Many of the firms that are subject to Finansinspektionen's supervision must comply with the regulations intended to prevent the firms being misused for money laundering and terrorist financing. Information is presented here about what the firms in the financial industry need to do to comply with the regulations.

Reporting to FI

2020-12-21 | Insurance

Firms must report information annually in FI's system for periodic reporting.

Reporting to FI

2020-12-21 | Insurance

Firms must report information annually in FI's system for periodic reporting.

Households’ finances and financial literacy 2020

Single-adult households with children continue to have a more difficult financial situation than other households. FI has measured households’ financial literacy and found that it has improved in almost all areas compared to previous surveys.

Financial firms must be restrictive with dividends until September 2021

2020-12-18 | Coronavirus ESRB News

In light of the economic uncertainty caused by the ongoing coronavirus pandemic, FI expects banks, including credit institutions and other financial firms such as insurance companies, to be restrictive with dividends and share buybacks until 30 September 2021. During this period, total dividends from and buybacks by the banks should not exceed 25 per cent of their aggregate net earnings for the two financial years 2019–2020.

Royal Bank Trading

2020-12-18

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Maintenance of TRS2 system planned for beginning of January 2021 in conjunction with Brexit

2020-12-17 | Brexit ESMA News

Due to Brexit, ESMA will have a maintenance window from 31 December 2020 through (preliminarily) 7 January 2021.

US central bank joins NGFS

FI welcomes the Federal Reserve to the Network for Greening the Financial System (NGFS), which celebrates its third anniversary today.

Vmc Global

2020-12-15

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Opportunity Vip / Holo Tech Ltd

2020-12-15

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Reminder: what a hard Brexit will entail

2020-12-15 | Brexit News Markets

What will happen in the event that the transition period ends without an agreement between the EU and the UK.

Vendor Investment Group

2020-12-10

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Service Disruptions PDMR Reporting

2020-12-04 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on December 9 between 9 am and 12 am.

Aquilabit

2020-11-30

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Macro-based stress test of Swedish banks: results and methodology, autumn 2020

Finansinspektionen (FI) presents in this memorandum a stress test of the Swedish banks that we conducted in the autumn of 2020. The results indicate that the major banks have significant resilience to the credit losses that could arise and also a capacity to maintain the supply of credit.

Stability in the Financial System (2020:2)

The pandemic has triggered a deep economic recession in many countries, even if a slight recovery has begun. Extensive support measures have mitigated the economic impact and reduced the uncertainty on the financial markets. During the autumn, infection rates have once again begun to increase and several countries have introduced new restrictions, which will dampen the economic recovery, even though it is uncertain to which extent.

Dampened recovery can weaken financial stability

An increase in the spread of the coronavirus will dampen the recovery in European economies and, in the long run, this could impact financial stability, writes Finansinspektionen (FI) in this year’s second stability report, which will be published today.

Capital requirements of Swedish banks as of Q3 2020

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 Q3 2020.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 24 November not to change the countercyclical buffer rate. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 1.7 per cent.

FI Analysis 26: Macro-based credit loss model for major Swedish banks

Large credit losses can result in otherwise profitable banks reporting a loss. This FI Analysis describes a methodology for estimating how large credit losses can be in a stressed macroeconomic scenario.

FI has decided on a change in the application of banks’ capital requirements

FI has decided to change the application of capital requirements for Swedish banks in order to adapt to the EU’s so-called banking package.

European Commission approves extension of the risk weight floor for Swedish mortgages

2020-11-18 | ESRB Mortgage EBA

The European Commission has announced that it does not intend to object to FI's intention to extend the current risk weight floor for Swedish mortgages. This means that FI may implement the measure.

FI Analysis 25: Interest rate deductions and households’ loans

The tax rebate for interest expenses – the interest deduction – means that households borrow more, and can and want to pay more for homes. This means that the households experience an increase in both their liabilities and assets, which in turn could have an impact on the stability of the financial system. In this FI Analysis, we calculate the impact of a change to the interest deduction. The reason for this analysis is the direct link between interest deductions and households’ loans.

Service Disruptions PDMR Reporting

2020-11-16 | Reporting

Due to maintenance, the system for reporting PDMR transactions may cause service disruptions on November 17 between 9 am and 12 am.

Elcurrency

2020-11-12

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FI Analysis 24: Stress test of bank lending to commercial real estate firms

2020-11-11 | Reports Stability Bank

Commercial real estate firms are sensitive to changes in interest rate expenses and income. Following a shock, vulnerable commercial real estate firms could lead to credit losses for the banks.

Bank dividends not appropriate until the situation has stabilised

As the crisis unrolled this past spring in full force, it required fast and extraordinary measures. For example, FI lowered the countercyclical buffer requirement for the banks and encouraged them at the same time to postpone their dividend payments until the situation had become clearer. During the autumn, FI repeated its message to the banks to not make any dividend payments in 2020.

Investment fraud

2020-11-05 | Consumer

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How it happens

2020-11-05 | Consumer

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How to avoid being scammed

2020-10-29 | Consumer

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Service Disruptions PDMR Reporting

2020-10-27 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on October 28 between 9 am and 12 am.

FI Supervision 20: Distribution of Life Insurance

The majority of the distribution on the life insurance market occurs through external distribution channels. It is therefore important for insurance firms to fulfil their responsibility to choose suitable distribution channels for the target market and follow up that the insurance products are distributed to the proper target group.

Henrik Braconier's speech at SNS/SHOF Finance Panel: Corporate Finance in a Low Interest Rate Environment

Henrik Braconier, Chief Economist at FI, spoke on risks related to low interest rates at SNS/SHOF’s Finance Panel: Corporate Finance in a Low Interest Rate Environment.

Periodic reporting will be closed Tuesday 20 October, 8 am – 12 am

2020-10-15 | Reporting

Due to maintenance, the system of periodic reporting will be closed on Tuesday 20 October from 8 am until 12 am.

FI Analysis 23: Can the bond market dampen the credit cycle?

The access of non-financial firms to credit is central for financial stability, particularly during financial crises. In recent years, the market for corporate bonds has grown steadily and currently plays an important role in firms’ financing. This analysis shows that it has not been easier to issue corporate bonds in Swedish krona during financial crises than to take a bank loan. This pattern deviates from previous research on the USA and the euro zone.

Service Disruptions PDMR Reporting

2020-10-14 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on October 15 between 9 am and 12 am.

Avex Capital

2020-10-14

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AK Nordic receives a remark and an administrative fine

2020-10-14 | News Bank

Finansinspektionen (FI) is issuing credit market company AK Nordic AB a remark. The company must also pay an administrative fine of SEK 20 million.

AK Nordic AB receives a remark and an administrative fine

2020-10-14 | Sanctions Bank

Finansinspektionen is issuing AK Nordic AB a remark. AK Nordic AB shall also pay an administrative fine of SEK 20,000,000.

TRS 2 closed for maintenance

2020-10-09 | News Reporting Markets

On Friday, 16 October, from 1:00 PM to 4:00 PM, TRS 2 will be closed for maintenance.

Acquisition and disposal of own shares

2020-10-05 | Markets

An issuer whose shares are admitted to trading on a regulated market and that acquires or disposes its own shares is obliged to disclose information about this to the public under certain circumstances.

The new Short Selling Register is launched today

2020-10-05 | News Reporting Markets

Today, FI launches a new Short Selling Register for significant net short positions.

Erik Thedéen's speech at Driving Global Standards on Sustainable Finance

Erik Thedéen, Finansinspektionen's Director General and Chair of IOSCO's Task Force on Sustainable Finance made a speech at the conference Driving Global Standards on Sustainable Finance.

Swedish Consumer Credit

2020-10-01 | Reports Consumer Bank

Even though consumer credit only constitutes a small portion of households’ total credit, the interest rate and amortisation payments for these credits amount to more than half of the households’ total debt service payments. The analysis also shows that individual consumers are having difficulty paying for their consumer credit. Overall, this means that the consumer credit market could impact many households, which makes it important for consumer protection on the financial markets.

FI Analysis 22: Fewer high-cost short-term credits after new rules

2020-10-01 | Reports Consumer Bank

After the provisions regarding high-cost short-term credits were changed in 2018 – in part by introducing an interest rate ceiling and cost ceiling – these types of loans decreased sharply. It is probable that the reform has led to a decrease in the supply of high-cost short-term credits. It is also evident that several companies have stopped offering such loans.

Credit checks must be improved

2020-10-01 | News Consumer Bank

Large credits are growing, but the smallest credits are growing faster. More borrowers are having difficulty making their payments soon after the credits are granted, and these payment difficulties are more prevalent among younger borrowers than older borrowers. These are some of the conclusions from Finansinspektionen's report this year on consumer credit. These conclusions indicate that lenders’ credit checks are not working as they should, and FI is therefore now reviewing the guidelines.

Net short positions

2020-09-30

Significant net short positions in equities

Driftstörningar Insynsrapportering

2020-09-29 | Reporting

Due to maintenance, the system of PDMR transactions may cause service disruptions on October 1 between 9 am and 12 am.

FI proposes amended rules and a change in the application of banks’ capital requirements

FI is proposing regulatory amendments and a change in the application of capital requirements for Swedish banks in order to adapt to the EU’s so-called banking package.

New reporting system for short selling is launched today

2020-09-24 | News Reporting Markets

Today, FI launches a new reporting system for the reporting of net short positions: the Short Selling Online Reporting tool.

New reporting system for short selling to be launched this week

2020-09-21 | News Reporting Markets

This week, FI will launch a new reporting system for the reporting of net short positions: the Short Selling Online Reporting tool.

FI confirms investigation into Swedbank

Swedbank has written in a press release that FI is investigating potential breaches of the Market Abuse Act. Given that the company has chosen to disclose information about the investigation, FI confirms that the information is correct. FI has opened an investigation.

FI notifies the EU regarding extension of the existing risk weight floor for Swedish Mortgages

Finansinspektionen has notified the EU Parliament, the Council, the Commission, the European Systemic Risk Board (ESRB) and the European Banking Authority (EBA) that it intends to adopt a decision to extend the current risk weight floor for Swedish Mortgages for a period of one year, in accordance with Article 458 of the CRR.

17 September: Periodic Reporting via the installed Java application closed until noon

2020-09-14 | Reporting

Due to maintenance, the system of periodic reporting via the installed application will be closed on Thursday 17 September until noon. The system is scheduled to be available at 12 o'clock.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 9 September not to change the countercyclical buffer rate. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 1.3 per cent.

PremiumBorsa

2020-09-07

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Reminder: New log-in method for periodic reporting replaces reporting card

2020-09-03 | News Reporting

Finansinspektionen would like to remind rapporteurs that FI has introduced a new log-in method for periodic reporting filed via an application on the computer that previously required a card and card reader. The new method requires users to log in using Bank ID.

Continued grounds for suspension of dividend payments for the rest of the year

Despite positive signals, there is still considerable uncertainty about how the coronavirus pandemic will develop in the next few months in both Sweden and the rest of the world. To ensure the banks’ resilience in a situation that continues to be uncertain, the banks should suspend the payment of dividends to shareholders in 2020. This was the message from Finansinspektionen’s Director General Erik Thedéen at Fastighetsdagen today.

Capital requirements of Swedish banks as of Q2 2020

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 2020.

Erik Thedéen: How can consumer welfare be improved in financial markets?

FI's Director General Erik Thedéen took part in a panel discussion during the conference "Consumer Behavior in Financial Markets", arranged by the Swedish House of Finance at the Stockholm School of Economics today.

TRS 2 closed for maintenance

2020-08-24 | News Reporting Markets

On Friday, 28 August, TRS 2 will be closed for maintenance.

Friday, 28 August: TRS 2 will be closed for maintenance.

2020-08-24 | Reporting

It will be possible to submit TR files, but you will not receive any feedback until at the earliest Monday, 31 August.

New log-in method for periodic reporting replaces reporting card

2020-08-20 | News Reporting

Finansinspektionen has introduced a new log-in method for periodic reporting filed via an application on the computer that previously required a card and card reader. The new method requires users to log in using Bank ID.

Fortuna Private Investments

2020-08-19

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Axeinvest

2020-07-09

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Quotatrade

2020-07-07

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About the EMIR College

2020-07-06 | EMIR Markets

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ESRB recommendation on distribution

The COVID-19 pandemic has incurred large human and economic costs and also affected the financial sector. Maintaining own funds in financial institutions is important both for ensuring the resilience of the financial system and supporting banks' lending through this crisis.

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.

New reporting system for short selling

2020-06-30 | News Reporting Markets

In the autumn of 2020, Finansinspektionen will introduce a new reporting system for the reporting of net short positions: the Short Selling Online Reporting tool.

Quarterly fund holdings

2020-06-30

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Fund holdings

2020-06-30

Ucits holdings.

UCITS holdings now published

2020-06-29 | Funds News Reporting

The first publication occasion covers UCITS holdings for Q1 2020 and older figures for the period Q4 2018 onward. The data will from now on be published with a two-month delay. This means that the holdings for Q2 2020 will be published on 1 September.

SEB receives an administrative fine for deficiencies in its work to combat money laundering in the Baltics

SEB has not sufficiently identified the risk of money laundering in its Baltic operations and has had deficiencies in its governance and control of the Baltic subsidiary banks’ anti-money laundering measures. SEB is therefore being issued a remark and an administrative fine of SEK 1 billion.

SEB receives remark and administrative fine of SEK 1 billion

SEB receives a remark and must pay an administrative fine of SEK 1 billion for deficiencies in its work to prevent money laundering risks.

Brock Holdings

2020-06-24

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FI will hold press conference about SEB

Finansinspektionen (FI) will hold a press conference on Thursday, 25 June, following the Board of Directors’ decision regarding the investigation into SEB AB’s governance and control of measures to combat money laundering in the bank’s subsidiaries in the Baltic countries.

Comtrade Financial

2020-06-18

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JAK Medlemsbank receives a remark and an administrative fine

JAK Medlemsbank (JAK) has been deficient in its work to prevent money laundering and terrorist financing. The bank is therefore being issued a remark and must pay an administrative fine of SEK 1.6 million.

JAK Medlemsbank receives a remark and an administrative fine

Finansinspektionen is issuing JAK Medlemsbank (516401-9969) a remark. JAK Medlemsbank must also pay an administrative fine of SEK 1.6 million.

Wednesday, 15 June: Possible operational disruptions in the Reporting Portal

2020-06-12 | Reporting

There can be operational disruptions in the Reporting Portal during the evening hours due to an update. The reporting systems linked to the portal may be affected by the update.

Five Pines Capital

2020-06-11

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New log-in method for periodic reporting replaces reporting card

2020-06-11 | News Reporting Markets

On 18 August 2020, FI will introduce a new log-in method for periodic reporting filed via an application on the computer and that previously required a card and card reader. The new method requires users to log in using Bank ID.

FI Supervision 18: Continuity management at banks

Many banks are working actively with continuity management and have implemented key measures to reduce the risk of serious disruptions. At the same time, FI sees a need for the banks to further strengthen their continuity management. FI expects the banks to continue to focus on enhancing the resilience of their critical functions. This supervision report describes the areas where FI would like to see improvements.

Measures stabilised the financial situation

Governments, central banks, and authorities around the world have taken powerful measures to mitigate the economic impact of the coronavirus pandemic. These measures also helped dampen uncertainty on the financial markets. By utilising available buffers and continuing to lend to firms and households, the financial sector can dampen the impact of the crisis. It is also important to remember that the economic crisis is not over, and uncertainty is therefore high, notes Finansinspektionen (FI) in its first stability report of the year.

Stability in the Financial System (2020:1)

The coronavirus pandemic has resulted in an exceptional stress for the real economy. Governments, central banks and supervisory authorities have implemented significant measures to dampen the crisis. This has helped to reduce the uncertainty on the financial markets. But we are in still in the middle of the crisis, and there is considerable uncertainty going forward.

Decision regarding the countercyclical buffer rate

Finansinspektionen (FI) decided on 3 June not to change the countercyclical buffer rate. The buffer rate of 0 per cent, which was applied starting on 16 March 2020, shall thus continue to apply. The countercyclical buffer guide is set at 0.48 per cent.

FI withdraws the authorisation of investment firm Exceed

2020-06-02 | News Sanctions Markets

Finansinspektion (FI) immediately withdraws the authorisation for Exceed Capital Sverige AB. Under FI’s decision, the company loses all its authorisations and may no longer conduct regulated business. The decision will be presented by FI Director General Erik Thedéen and Chief Legal Counsel Eric Leijonram at a press conference today, Tuesday, 2 June, at 2:00 PM.

Withdrawn authorisation for Exceed Capital Sverige AB

Finansinspektionen withdraws all Exceed Capital Sverige AB’s (Exceed) authorisations to conduct securities business and its authorisation for ancillary services, authorisation to conduct insurance distribution, and authorisation to be registered as a manager of fund units.

Wednesday, 3 June: Possible operational disruptions in the Reporting Portal

2020-06-01 | Reporting

There can be operational disruptions in the Reporting Portal during the morning hours due to an update. The reporting systems linked to the portal may be affected by the update.

Financial reporting supervision

2020-05-28 | Sanctions

Finansinspektionen intervens when issuers subject to Chapter 16, section 1, first paragraph of the Securities Market Act (2007:528) do not prepare their financial statements in accordance with current regulations. We issue a caution and an order of correction. We can also decide on an administrative fine and can combine the order with a fine.

Global sustainability network NGFS publishes status report and guide for supervisors

The global sustainability network NGFS (Network for Greening the Financial System) is publishing today a report on how banks around the world consider climate-related risks in their lending. The report shows that this is occurring more frequently, but it is at the same time difficult to see which loans constitute a lower risk. This is because, for example, there is no international classification and a shared perception of which assets are “green” and “brown”.

Capital requirements of Swedish banks as of Q1 2020

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 2020.

JM receives a caution and an order to follow financial reporting rules

JM has been in violation of the international financial reporting standard IFRS 10 in its consolidated financial statements for 2017 by not including – consolidating – tenant-owners associations during the so-called production phase. FI is issuing JM a caution and ordering the company to take corrective action in future financial statements. The correction shall be implemented no later than in the company’s half-yearly report for 2020.

Trado Tek

2020-05-13

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Periodic reporting will be closed Thursday 7 May, 8 am – 12 am

2020-05-05 | Reporting

Due to maintenance, the system of periodic reporting will be closed on Thursday 7 May from 8 am until 12 am.

New collection of data in EIOPA’s ongoing impact assessment of the Solvency II Review

2020-05-05 | Coronavirus EIOPA ESMA

The European Insurance and Occupational Pensions Authority (EIOPA) will collect new data for its ongoing impact assessment to assess the effects of the coronavirus pandemic.

Girofx

2020-04-30

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FI resumes work on supervision investigations

2020-04-28 | Coronavirus News Markets

FI decided on 1 April given the acute stage of the coronavirus pandemic to extend the freeze on new supervision investigations until 3 May. This decision will not be extended again, which means that the freeze on ongoing supervision meetings, investigations and information gathering will be lifted starting on 4 May.

EU authority publishes consumer guides on insurance

2020-04-27 | Coronavirus EIOPA News

Due to the coronavirus pandemic, the European Insurance and Occupational Pensions Authority (EIOPA) has published a consumer guide with tips that target insurance customers.

EIOPA on principles for mitigating the effects of the coronavirus pandemic in the occupational pensions sector

The European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on principles that national competent authorities should consider to mitigate the impact of the coronavirus pandemic on the occupational pensions sector.

FI issues Skandia Liv a warning

2020-04-22 | News Sanctions Insurance

Skandia Liv has not calculated its capital need and commitments to its customers realistically or correctly for several years. This has entailed that the company’s customer protection and the company’s solvency have not been fairly assessed. Skandia Liv is therefore receiving a warning and an administrative fine of SEK 35 million.

Skandia Liv receives a warning and an administrative fine

2020-04-22 | Sanctions Insurance

Skandia, ömsesidigt (Skandia Liv ) receives a warning and must pay an administrative fine of SEK 35 million.

The Swedish Bankers’ Association transfers administration of STIBOR to Swedish Financial Benchmark Facility

2020-04-17 | BMR News Markets

The Swedish Bankers’ Association has announced that the association is transferring the administration of the Swedish benchmark STIBOR to Swedish Financial Benchmark Facility (SFBF), whereupon the task of adapting STIBOR to the requirements set out in the EU Benchmarks Regulation falls to SFBF. Finansinspektionen will assess the application for authorisation of SFBF as administrator of STIBOR when it is submitted.

ESMA’s guidelines on alternative performance measures – questions and answers on COVID-19

Due to the coronavirus pandemic, the European Securities and Markets Authority (ESMA) has published new Q&As on its guidelines for alternative performance measures (APMs). ESMA aims with this document to continue to promote common application of the guidelines in the EU countries.

Minutes of the Financial Stability Council Meeting on 16 April

The minutes from the Financial Stability Council’s extraordinary meeting on 16 April have now been published on the Council’s website.

Financial Stability Council convenes an extraordinary meeting on 16 April

On Thursday, 16 April, the Minister for Financial Markets and Housing Per Bolund, Finansinspektionen, the Riksbank, and the Swedish National Debt Office will convene an extraordinary meeting of the Financial Stability Council.

FI’s view on the application of the EBA’s new guidelines on moratoria

2020-04-14 | Coronavirus EBA News

The European Banking Authority (EBA) published guidelines on 2 April on the criteria that must be fulfilled in order for measures taken to be viewed as general moratoria. FI considers exemptions from amortisation requirements for mortgages and payment reliefs for small and mid-sized firms in accordance with the Swedish National Debt Office’s loan guarantees to be measures that can be viewed as general moratoria under the guidelines.

Banks may now grant amortisation exemption

FI’s Board of Directors has decided that the proposal communicated on 2 April will go into effect as of today. This means that banks will now be able to grant both new and existing mortgagors exemption from the requirement on amortisation. The exemption gives mortgagors greater financial manoeuvrability in these uncertain times during the spread of COVID-19.

ESMA statement on publication of periodic reports for investment funds

The European Securities and Markets Authority (ESMA) has published a statement on the coronavirus pandemic’s impact on the possibilities for managers of different types of funds to fulfil the requirements on when publication of periodic reports is to occur according to their respective regulations.

Proposed general guidelines for exemption from amortisation requirements on special grounds

The proposal provides mortgage undertakings with the possibility of granting all new and existing mortgagors a temporary exemption from amortisation requirements. The exemption possibility applies during a severe downturn in the Swedish economy. The current situation due to the spread of the corona virus is a clear example of when the exemption may be granted to all mortgagors amortising in accordance with the amortisation regulations.

Banks may grant all mortgagors amortisation exemption

Banks will have the possibility of offering all new and existing mortgagors an exemption from the amortisation requirements due to the spread of the coronavirus and its effects on the Swedish economy. The exemption will be in force until the end of June 2021. This enables Finansinspektionen to provide all mortgagors with greater manoeuvrability in these uncertain times.

The Swedish Mortgage Market (2020)

The percentage of new mortgagors with a high level of debt in relation to either their income or the value of the home continues to be high. New mortgagors in 2019 increased their average loan-to-income ratio. The average loan-to-value ratio also increased in 2019 among new mortgagors, thus breaking the trend of falling loan-to-value ratios since 2013.

Reporting on money laundering postponed

2020-04-01 | Coronavirus EBA News

Due to the current situation with the ongoing spread of the coronavirus, Finansinspektionen has postponed the deadline for the annual reporting on money laundering and financing of terrorism. The deadline has been pushed forward from 31 March 2020 to 30 April 2020.

ESMA statement on extended deadlines for publishing financial statements

The European Securities and Markets Authority (ESMA) has published a statement on the coronavirus pandemic’s impact on the possibilities of listed companies to fulfil the requirements on when publication of financial statements is to occur according to the Transparency Directive. The Directive has been implemented into Swedish law through the Securities Market Act.

FI expects banks and credit market companies to stop dividend payments

The spread of the coronavirus has created immediate challenges for society and caused economic disruptions throughout Sweden and the global economy. The forecasts for the Swedish economy are rapidly deteriorating. Therefore, it is important the we safeguard a stable supply of credit to households and firms and maintain good resilience in the system. Banks and credit market companies play a crucial role in this respect.

FI delays decision on SEB until June

FI is delaying the decision that will conclude the ongoing sanction assessment in the investigation into the governance and control of anti-money laundering measures at Skandinaviska Enskilda Banken AB (SEB). FI is now planning to pass its decision in June.

EXM solution

2020-03-25

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EBA’s statement on payment delays linked to COVID-19

2020-03-25 | Coronavirus EBA News

The spread of the coronavirus has introduced considerable challenges for society as a whole, and even the financial system. We find ourselves in an exceptional situation, and uncertainty is widespread. These extraordinary circumstances demand appropriate application of existing regulations, including rules for forbearance and assessment of a significant increase in credit risk.

JT Trader

2020-03-23

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Swedbank receives a warning and an administrative fine of SEK 4 billion

Swedbank AB receives a warning and must pay an administrative fine of SEK 4 billion for serious deficiencies in its work to combat money laundering.

Swedbank fined for serious deficiencies in its measures to combat money laundering

Swedbank AB has had serious deficiencies in its management of the risk of money laundering in its Baltic operations. This is the conclusion of parallel investigations into parent company Swedbank AB and its subsidiary bank Swedbank AS in Estonia that were conducted by Swedish Finansinspektionen (FI) and Estonian Finantsinspektsioon.

Extra Board Meeting, new time

The agenda for this meeting includes the investigation into Swedbank AB’s governance and control of anti-money laundering measures in the bank’s subsidiaries in the Baltic countries.

FI will hold a press conference related to Swedbank

Finansinspektionen (FI) will hold a press conference on Thursday, 19 March, following the decision by FI’s Board of Directors regarding the investigation into Swedbank’s measures to combat money laundering.

Loss of income due to corona-virus a cause for exemption from amortisation

Due to the spread of the coronavirus disease (COVID-19), many households and firms may be exposed to economic stress. Even if the crisis is expected to be temporary, its effects can be far-reaching. Banks and borrowers may agree to reduce or suspend amortisation payments temporarily given special grounds. FI considers the loss of income linked to COVID-19 to qualify as special grounds.

Decision by FI’s Board of Directors: the countercyclical buffer rate is lowered to zero

During an extraordinary meeting today, Monday, 16 March, FI’s Board of Directors decided to adopt a countercyclical buffer rate of 0 per cent in accordance with the proposal presented on Friday, 13 March 2020.

Measures to improve effectiveness of anti-money laundering supervision

“There are interesting ideas about placing parts of this supervision at the EU level. I believe that joint analytical resources and supervision methods in the long run could lead to more effective supervision, in part due to improved insight into cross-border payment flows”, asserted Erik Thedéen at the international conference Finance Summit 2020 in Paris.

FI on liquidity coverage ratios (LCR) for Swedish banks

2020-03-16 | Coronavirus EBA News

Given the current circumstances, FI would like to clarify that it will temporarily allow banks to fall below the liquidity coverage ratio (LCR) for individual currencies and total currencies.

Proposed amendment to regulations due to reduction in countercyclical buffer rate

Finansinspektionen proposes that the buffer rate be lowered by 2.5 percentage points and set at 0 per cent.

FI lowers the countercyclical capital buffer to zero

The spread of the coronavirus disease is sending serious economic shocks throughout the world and in Sweden. There is currently widespread uncertainty about the future course of events and how far-reaching the economic impact will be. The economic disruptions and the greater uncertainty are also affecting the financial system. Finansinspektionen (FI) will therefore lower the countercyclical capital buffer requirement for banks from 2.5 per cent to 0 per cent. This corresponds to a reduction of around SEK 45 billion. The buffer is being lowered pre-emptively to ensure a well-functioning supply of credit, which helps firms and households maintain production, consumption and investments.

FI comments on COVID-19 and the banks

The spread of the coronavirus disease (COVID-19) is having a financial impact on firms and households around the world. There is considerable uncertainty about how much the disease will impact the global economy. This economic uncertainty also affects the financial system.

Erik Thedéen: FinTech and cyber threats – what impact do they have on financial stability?

The rate at which household debt is increasing has slowed the past three years. The two amortisation requirements that FI introduced contributed to this change. But the low interest rates entail risks. The debt of commercial real estate companies has been increasing sharply, and the banks have large exposures to the sector. FI decided today to raise the capital requirements for bank loans for commercial real estate. Erik Thedéen also noted that cyber threats are a challenge facing society as a whole, and cooperation is needed on a broad front.

SepaFX

2020-02-28

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Capital requirements of Swedish banks as of Q4 2019

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 Q4 2019.

Wednesday 19 February: The Reporting Portal is closed

2020-02-19 | Reporting

The Reporting Portal will be closed during the morning for an update. The reporting systems connected to the Reporting Portal will also be closed as a result.