Sweden: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Management

October 5, 2017

Preview Citation

Format: Chicago

Sweden: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Management, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Sweden in the areas of the systemic risk oversight framework and management. To promote accountability, the law should clarify the allocation of macroprudential powers between the government and the Finansinspektionen (Financial Supervisory Authority, FI) and grant the FI a clear legal mandate for macroprudential policy, with full operational independence. The Financial Stability Council, or a similar body—excluding the Ministry of Finance—should have the legal authority to issue recommendations, preferably with a “comply or explain” approach. The law should also ensure that the Sveriges Riksbank’s expertise in financial stability analysis finds a clear institutional role in the oversight of systemic risk.

Subject: Amortization, External debt, Financial sector policy and analysis, Financial sector stability, Housing prices, Macroprudential policy, Prices, Systemic risk

Keywords: Amortization, Amortization period, Assessment process, Baltics, Bank, Banking supervision staff, Coverage ratio, CR, FI, FI director general, FI view, Financial sector stability, FSC assessment, FSC secretariat, House price growth, House price increase, Household debt, Housing prices, ISCR, LTV ratio, Macroprudential policy, Risk weight, Systemic risk

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/311
Stock No:

1SWEEA2017007
ISBN:

9781484322499
ISSN:

1934-7685

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