Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision

September 16, 2011

Preview Citation

Format: Chicago

Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2011) accessed September 19, 2024

Summary

This paper discusses the current state of Swedish implementation of the Basel Core Principles for Effective Banking Supervision (BCP). The banking supervisory framework and its implementation in Sweden are in line with many of Basel Core Principles’ essential criteria. However, the assessors found evidence of impairment in Finansinspektionen (FI)’s operational independence. Assessors suggest that staffing levels at FI are an urgent concern to be remedied and also that a revised legal structure ensuring greater independence of FI be considered.

Subject: Banking, Credit, Credit risk, Financial regulation and supervision, Liquidity risk, Market risk, Money, Operational risk

Keywords: Baltics, Capital base, CR, Credit, Credit market, Credit risk, Credit risk, FI regulation, Global, Holding company, ISCR, Liquidity risk, Managing director, Market risk, Operational risk, Risk assessment, Risk management, Senior management

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/281
Stock No:

1SWEEA2011004
ISBN:

9781463903527
ISSN:

1934-7685

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