Featured Product

    IMF Publishes Reports on the 2017 Article IV Consultation with Sweden

    November 17, 2017

    IMF published its staff report and selected issues report in the context of the 2017 Article IV consultation with Sweden. The staff report concludes that Swedish banks are healthy and progress is being made on the 2016 Financial Sector Assessment Program (FSAP) recommendations. The selected issues report examines the issues of household savings and recent wage moderation in Sweden.

    With regard to banks, the staff report reveals that capital buffers were raised to meet the minimum requirement of 24.6% of risk-weighted assets at the of end 2016. While their leverage ratio exceeds the EC proposal of 3%, it falls just short of 5%, as recommended by the Riksbank. The staff suggests that, alongside the adoption of EU liquidity regulations, Sweden should retain its own requirements on euro and U.S. dollar exposures. Monitoring an extended (three-month) liquidity coverage ratio in U.S. dollars and euros will remain useful in ensuring the adequacy of liquidity buffers.

    Directors encouraged the Swedish and regional authorities to collaborate closely on sound supervisory and resolution arrangements regarding Nordea’s proposed relocation. Directors commended the further progress made in following up on the 2016 FSAP, including the planned expansion of FI’s macro-prudential authority in early 2018. The expansion of the FI’s macro-prudential mandate should be implemented in a manner that facilitates timely and effective action. The government has submitted draft legislation that, from February 2018, would give FI the authority to use macro-prudential tools without parliamentary approval, but remaining subject to government approval. Completing this step would address a key recommendation of the 2016 FSAP.

     

    Related Links

    Keywords: Europe, EU, Sweden, Banking, Article IV, FSAP, Macroprudential Tools, IMF

    Related Articles
    News

    APRA Publishes Approach to Regulating and Supervising GCRA Risks

    APRA published an information paper that sets out a more intensive regulatory approach to transform governance, culture, remuneration, and accountability (GCRA) practices across the prudentially regulated financial sector.

    November 19, 2019 WebPage Regulatory News
    News

    IAIS Publishes Application Paper on Recovery Planning

    IAIS published the final application paper on recovery planning, along with the resolution of comments on the draft application paper.

    November 18, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of November Meeting of RCG for MENA Region

    FSB published a summary of the November meeting of the Regional Consultative Group (RCG) for Middle East and North Africa (MENA).

    November 17, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: Second Update for November 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to eight questions that relate to the Bank Resolution and Recovery Directive (BRRD) and the Capital Requirements Regulation and Directive (CRR and CRD).

    November 15, 2019 WebPage Regulatory News
    News

    FSI Examines Use of Red Team Testing to Enhance Cyber Resilience

    The Financial Stability Institute (FSI) of BIS published a paper that examines the contribution of red team testing frameworks toward enhancing cyber resilience.

    November 15, 2019 WebPage Regulatory News
    News

    FASB Delays Effective Dates for CECL, Leases, and Hedging Standards

    FASB issued two Accounting Standards Updates finalizing the delays in effective dates for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

    November 15, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on Securitization Regulation in November 2019

    ESMA updated questions and answers (Q&A) on the Securitization Regulation (Regulation 2017/2402).

    November 15, 2019 WebPage Regulatory News
    News

    HKMA Announces Finalization of Banking Liquidity Amendment Rules 2019

    HKMA issued a letter informing all authorized institutions that negative vetting of the Banking (Liquidity) (Amendment) Rules 2019 (BLAR) has now expired. Thus, the BLAR will now come into operation from January 01, 2020.

    November 15, 2019 WebPage Regulatory News
    News

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4167