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
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