Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
September 16, 2011
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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
Pages:
106
Volume:
2011
DOI:
Issue:
281
Series:
Country Report No. 2011/281
Stock No:
1SWEEA2011004
ISBN:
9781463903527
ISSN:
1934-7685
