Featured Product

    FI Issues Multiple Regulatory and Reporting Updates for Banks

    May 31, 2022

    The Swedish Financial Supervisory Authority (FI) updated the capital requirements for category 1 and 2 credit institutions, introduced a new online reporting tool to facilitate and streamline the application process, and published the financial stability report.

    Below are the key highlights of the recent updates:

    • FI published capital requirements for the largest Swedish banks and credit institutions that belong to the supervisory categories 1 and 2 as of the end of the first quarter of 2022. The capital requirements have been published for Svenska Handelsbanken, Skandinaviska Enskilda Banken, Swedbank, Länsförsäkringar, Klarna, Kommuninvest, Svensk Exportkredit, SBAB, Avanza, and Nordnet. The capital requirements are based on the capital adequacy regulations, the Swedish application of the buffer requirements, and the Authority's latest review and evaluation of the companies.
    • The newly introduced online tool fully digitalizes the application process for both applicants and the FI employees processing the applications. All communication within and regarding the application process will occur via the online tool. Management and owner management suitability assessments will serve as the pilot cases. Users must first register with FI's authorization system before they may gain access to the new online tool.
    • The financial stability report highlights that FI intends to raise the countercyclical buffer rate to 2% in the second quarter of 2022. Due to the implementation period of twelve months, this level of the buffer rate can enter into force in the second quarter of 2023. This increase completes the authority's gradual increase of the buffer rate to the neutral level, which began in September 2021. The report also highlights that has also been given a more active role in strengthening the resilience of the financial sector to cyber attacks.


    Related Links

    Keywords: Europe, Sweden, Banking, Regulatory Capital, Basel, CCyB, Financial Stability Report, Reporting, FI

    Featured Experts
    Related Articles

    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.

    March 13, 2023 WebPage Regulatory News

    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.

    March 12, 2023 WebPage Regulatory News

    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.

    March 03, 2023 WebPage Regulatory News

    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.

    March 02, 2023 WebPage Regulatory News

    BCBS Report Examines Impact of Basel III Framework for Banks

    The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.

    February 28, 2023 WebPage Regulatory News

    PRA Consults on Prudential Rules for "Simpler-Regime" Firms

    Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.

    February 28, 2023 WebPage Regulatory News

    DNB Publishes Multiple Reporting Updates for Banks

    DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.

    February 28, 2023 WebPage Regulatory News

    NBB Sets Out Climate Risk Expectations, Issues Reporting Updates

    The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting

    February 24, 2023 WebPage Regulatory News

    EBA Updates Address Securitization Standards and DGS Guidelines

    The European Banking Authority (EBA) published the final draft of the regulatory technical standards that set out conditions for assessment of homogeneity of the underlying exposures in simple, transparent, and standardized (STS) securitizations.

    February 21, 2023 WebPage Regulatory News

    FSB Publishes Letter to G20, Sets Out Work Priorities for 2023

    The Financial Stability Board (FSB) published a letter intended for the G20 Finance Ministers and Central Bank Governors, highlighting the work that FSB will take forward under the Indian G20 Presidency in 2023

    February 20, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8793