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

_IMF Staff Country Reports, September 16, 2011_

## Source details

**Canonical URL:** [Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision](https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-financial-sector-assessment-program-update-detailed-assessment-of-observance-on-basel-25236)

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## Bibliographic details
- Published: September 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463903527.002

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### Summary findings
- The paper assesses the 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 the Basel Core Principles’ essential criteria.
- Assessors found evidence of impairment in Finansinspektionen (FI)’s operational independence.
- Staffing levels at FI were identified as an urgent concern requiring remediation.

### Key assessments regarding Finansinspektionen (FI)
- Operational independence: Evidence of impairment was found in FI’s operational independence.
- Staffing: Assessors recommend that staffing levels at FI be remedied as an urgent priority.
- Legal structure: Assessors suggest consideration of a revised legal structure to ensure greater independence of FI.

### Policy recommendations and implications
- Remedy staffing shortfalls at Finansinspektionen as an urgent measure to strengthen supervisory capacity.
- Consider revising the legal structure governing Finansinspektionen to enhance its operational independence and alignment with Basel Core Principles.

### Subjects and keywords
- Subjects: 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-financial-sector-assessment-program-update-detailed-assessment-of-observance-on-basel-25236_