## Sweden: Financial Sector Assessment Program–Technical Note on Crisis Management and Resolution

_IMF Staff Country Reports, May 25, 2023_

## Source details

**Canonical URL:** [Sweden: Financial Sector Assessment Program–Technical Note on Crisis Management and Resolution](https://www.imf.org/en/publications/cr/issues/2023/05/25/sweden-financial-sector-assessment-programtechnical-note-on-crisis-management-and-resolution-533695)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/05/25/sweden-financial-sector-assessment-programtechnical-note-on-crisis-management-and-resolution-533695/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/05/25/sweden-financial-sector-assessment-programtechnical-note-on-crisis-management-and-resolution-533695/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/05/25/sweden-financial-sector-assessment-programtechnical-note-on-crisis-management-and-resolution-533695/bundle-manifest.json)

## Bibliographic details
- Published: May 25, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400242632.002

---

### Executive summary and main findings
- The Swedish financial safety net and crisis management arrangements rest on sound foundations and have been strengthened further by legislative and policy reforms in the financial sector.
- Developing crisis management capacity within and between agencies is required to ensure credible crisis management plans, including for bank resolution.
- On preparing for future bank failure, banks are yet to remove known barriers to resolvability, including:
  - reporting capabilities on resolution valuation,
  - funding in resolution,
  - operational services dependencies.
- The Riksbank should improve market transparency by publishing a policy framework describing the central bank’s lender of last resort bilateral liquidity facilities’ capability for crisis management purposes, including funding in resolution.
- The Ministry of Finance should work to improve the operational independence of the SNDO by updating its funding arrangements.

### Policy recommendations
- Enhance inter-agency crisis management capacity to ensure credible crisis planning and execution, with specific focus on bank resolution readiness.
- Require banks to address resolvability barriers by strengthening:
  - reporting systems for resolution valuation,
  - arrangements and clarity on funding in resolution,
  - mapping and mitigation of operational services dependencies.
- Riksbank action:
  - Publish a policy framework on bilateral lender of last resort liquidity facilities to clarify crisis management capabilities and treatment of funding in resolution.
- Ministry of Finance action:
  - Update SNDO funding arrangements to strengthen its operational independence.

---

## Content in this bundle

- **1sweea2023009**
  - [1sweea2023009 (Markdown version)](/-/media/files/publications/cr/2023/english/1sweea2023009.pdf.md){rel="alternate" type="text/markdown"}
  - [1sweea2023009 (PDF)](/-/media/files/publications/cr/2023/english/1sweea2023009.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2023/05/25/sweden-financial-sector-assessment-programtechnical-note-on-crisis-management-and-resolution-533695_