Sweden: Financial Sector Assessment Program-Technical Note-Crisis Readiness, Management, and Resolution

October 5, 2017

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Format: Chicago

Sweden: Financial Sector Assessment Program-Technical Note-Crisis Readiness, Management, and Resolution, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Sweden in the areas of financial safety net and crisis management arrangements. Since the 2011 FSAP, Sweden’s financial safety net and crisis management frameworks, including bank resolution and contingency planning, have improved. In response to the FSAP and the overhaul of pertinent EU rules, Sweden has enacted a host of new legislation, introduced a resolution regime for credit institutions and certain investment firms, and revised its deposit insurance system, allowing it to fund resolution measures. To ensure operational capacity to rapidly deploy recovery and resolution tools, further investments are needed to strengthen the safety net and crisis management frameworks.

Subject: Bank resolution, Bank resolution framework, Crisis prevention, Financial crises, Financial safety nets, Lender of last resort

Keywords: Bank resolution, Bank resolution framework, Bank resolution regime, BRRD regime, Central bank, CR, Crisis prevention, Equity capital, Express authority, FSC secretariat, Global, Government's consideration, Helps authority, ISCR, Lender of last resort, Resolution authorities, Resolution authority, Uniform bank resolution regime

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/306
Stock No:

1SWEEA2017002
ISBN:

9781484322413
ISSN:

1934-7685

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