Sweden: Financial Sector Assessment Program Update: Technical Note on Contingency Planning, Crisis Management and Bank Resolution
IMF Staff Country Reports, September 16, 2011
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- Sweden: Financial Sector Assessment Program Update: Technical Note on Contingency Planning, Crisis Management and Bank Resolution
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Bibliographic details
- Published: September 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463903589.002
Overview and context
- Reviews recommendations made in the FSAP Update for Sweden in the areas of contingency planning, crisis management, and bank resolution.
- Notes that Sweden's crisis management fared well during the global financial crisis, and that authorities are reviewing the framework for managing financial crises to incorporate crisis lessons.
- Recommends enhancements in the following areas: a domestic institutional framework, effective cross-border cooperation, emergency liquidity assistance (ELA), a deposit guarantee scheme (DGS), and state support to systematically important financial institutions (SIFIs).
Key findings and recommendations
- Domestic institutional framework
- Strengthen the domestic institutional framework for managing financial crises to reflect lessons from the global financial crisis.
- Cross-border cooperation
- Develop and maintain effective cross-border cooperation mechanisms.
- Emergency liquidity assistance (ELA)
- Clarify and reinforce arrangements for ELA to support financial stability.
- Deposit guarantee scheme (DGS)
- Ensure the DGS is appropriately designed and operational to protect depositors and contribute to confidence.
- State support to SIFIs
- Define clear principles and frameworks for state support to systematically important financial institutions (SIFIs).
Subjects and keywords
- Subject: Bank resolution, Banking, Crisis management, Financial crises, Financial sector policy and analysis, Financial sector stability, Lender of last resort
- Keywords: Baltics, bank, bank insolvency proceeding, Bank resolution, bank solvency, banking sector, bridge bank, central bank, core college authority, CR, Crisis management, FI, financial crisis, Financial sector stability, financial support, financial system, Global, government, government proposal, insolvency proceeding, interest rate, ISCR, Lender of last resort, public funds
Content in this bundle
- Executive Summary