The Swedish Financial Supervisory Authority (FI) improved security of its reporting application and updated capital requirements for category 1 and category 2 Swedish credit institutions.
FI published capital requirements for Swedish credit institutions that belong to supervisory categories 1 and 2 as of the end of the fourth quarter of 2021. The capital requirements have been published for Svenska Handelsbanken (SHB), Skandinaviska Enskilda Banken (SEB), Swedbank, Länsförsäkringar, Klarna, Kommuninvest, Svenskt Exportkredit (SEK), SBAB, Avanza, and Nordnet. Moreover, the countercyclical buffer value is currently 0% on exposures in Sweden but FI has decided to increase the buffer value to 1%, which applies from September 29, 2022. FI has also decided on and communicated the Pillar 2 requirements for these firms. FI decided on a changed application of the capital requirements for Swedish banks to adapt these requirements to the European Union banking package from October 2020.
With respect to the reporting application, FI has announced an upgrade to implement security improvements to the application, which has been installed locally by reporters and is used for certain periodic reporting to FI. Preliminarily, it will be possible to upgrade the application from April. The last date to log in via the current version will be June 12, 2022 and the upgrade will be made available later this Spring.
Related Links (in Swedish)
- News Release on Regulatory Capital
- Capital Requirements for Banks (PDF)
- News Release on Reporting Application
Keywords: Europe, Sweden, Banking, CRR, Basel, Pillar 2 Guidance, Regulatory Capital, Reporting, Pillar 2, CCyB, FI
Previous ArticlePRA Publishes Version 3.4.0 of Bank of England Banking Taxonomy
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.