Sweden: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Management
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Sweden in the areas of the systemic risk oversight framework and management. To promote accountability, the law should clarify the allocation of macroprudential powers between the government and the Finansinspektionen (Financial Supervisory Authority, FI) and grant the FI a clear legal mandate for macroprudential policy, with full operational independence. The Financial Stability Council, or a similar body—excluding the Ministry of Finance—should have the legal authority to issue recommendations, preferably with a “comply or explain” approach. The law should also ensure that the Sveriges Riksbank’s expertise in financial stability analysis finds a clear institutional role in the oversight of systemic risk.
Series:
Country Report No. 2017/311
Subject:
Amortization External debt Financial sector policy and analysis Financial sector stability Housing prices Macroprudential policy Prices Systemic risk
English
Publication Date:
October 5, 2017
ISBN/ISSN:
9781484322499/1934-7685
Stock No:
1SWEEA2017007
Pages:
34
Please address any questions about this title to publications@imf.org