Sweden: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
July 13, 2011
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In this study, economic developments and policies used for the recovery of financial stability of Sweden against global recession are discussed. The low inflation is reached by increasing Riksbank policy rate. The role of fiscal policy council is explained. The Financial Sector Assessment Program (FSAP) recommendations are endorsed on financial institutions. These include merging the stability and deposit insurance funds, establishing a special bank resolution regime, and increasing further the Financial Supervisory Agency’s capacity. Also, the Basel III capital regulations are supported by the authorities.
Subject: Banking, Covered bonds, Financial crises, Financial institutions, Fiscal policy, Fiscal stance, Housing prices, Mortgages, Prices
Keywords: CFT framework, consultation discussion, Covered bonds, CR, due diligence, Global, government, Housing prices, ISCR, Last Article IV consultation, Mortgages, public finance, Riksbank policy rate, risk reduction, Stockholm
Pages:
109
Volume:
2011
DOI:
Issue:
171
Series:
Country Report No. 2011/171
Stock No:
1SWEEA2011001
ISBN:
9781462300181
ISSN:
1934-7685
