Sweden: Financial Sector Assessment Program–Technical Note on Macroprudential Policy
IMF Staff Country Reports, May 25, 2023
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- Sweden: Financial Sector Assessment Program–Technical Note on Macroprudential Policy
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Bibliographic details
- Published: May 25, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400243448.002
Key findings on market-based finance and macroprudential challenges
- The increase in market-based finance challenges macroprudential policy.
- Tools are not yet well developed for borrower-based measures beyond those applying to lending to households.
- Many market based finance participants are outside national regulatory perimeters.
- As the financial system becomes increasingly complex and interlinked with the risk of market-based finance, the need for advanced models (for tail risk, spillovers, and interconnectedness) will increase.
Data, modeling, and analytical gaps
- There are still data gaps for almost all sectors.
- Finansinspektionen and the Riksbank need to better model:
- tail risk,
- spillovers,
- interconnectedness.
Policy recommendations and supervisory actions
- Authorities should make more use of “soft power” and joint communication, especially when risks become more systemic, as with market-based finance.
- Short of introducing new borrower-based measures to curb market funding, Commercial Real Estate firms should be required to improve disclosures, including on contingency plans when market funding dries up.
Publication and metadata (preserved from source)
- Publication title: Sweden: Financial Sector Assessment Program–Technical Note on Macroprudential Policy
- Date: May 25, 2023
- Pages: 45
- Volume: 2023
- Issue: 182
- Series: Country Report No. 2023/182
- DOI: https://doi.org/10.5089/9798400243448.002
- Stock No: 1SWEEA2023011
- ISBN: 9798400243448
- ISSN: 1934-7685
International Monetary Fund. Monetary and Capital Markets Department "Sweden: Financial Sector Assessment Program–Technical Note on Macroprudential Policy", IMF Staff Country Reports 2023, 182 (2023).
Content in this bundle
- Executive Summary