FI Updates Capital Requirements and Reporting Application
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
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
CFPB Finalizes Rule on Small Business Lending Data Collection
The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.
BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023
The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
US Congress Report Examines Data Privacy and Cybersecurity Regulations
The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
EU to Conduct One-Off Scenario Analysis to Assess Transition Risk
The European authorities recently made multiple announcements that impact the banking sector.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.