Sweden: Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Cross-Border Securities Activities

IMF Staff Country Reports, October 5, 2017

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Canonical URL: Sweden: Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Cross-Border Securities Activities

The Technical Note addresses findings and recommendations from the Financial Sector Assessment Program for Sweden in the areas of regulation and supervision of cross-border securities activities.
The Finansinspektionen (Financial Supervisory Authority, FI) should review consumer protection activities to assess where the current consumer protection focus should be complemented with explicit consideration of financial stability risks.
Enhancements to cross-border supervisory cooperation and active participation in the work of the European Securities and Markets Authority are necessary complements to the FI’s current active domestic supervisory program.

Improvements in data availability and better analysis tools would improve the FI’s ability to analyze risks and plan its supervisory activities.

The Note emphasizes the need for enhanced cross-border supervisory cooperation.
Active participation in the work of the European Securities and Markets Authority is recommended to complement domestic supervision.

Subject areas: Banking, Financial institutions, Financial instruments, Financial services, Investment banking, Legal support in revenue administration, Mutual funds, Revenue administration.
Keywords: Baltics, capital level, CR, EEA AIFM, equity trading, Investment banking, ISCR, Legal support in revenue administration, management company, market share, Mutual funds, outsourcing firm, risk assessment, Swedish company, Swedish fund manager.