Sweden; Financial Sector Assessment Program: Detailed Assessment of Observance of Standards and Codes

This paper discusses key findings of the Detailed Assessment of Observance of Standards and Codes in Sweden. The assessment reveals that the laws and regulations on banking activities and their supervision are in place in Sweden. The composition of the Board of the Swedish Financial Supervisory Authority (FI) is not regulated in law or other ordinances. The position of the FI in relation to other public agencies in possible crisis situations is not defined in law. The FI has also made a motion to the government for a large increase in the number of specialists in its employ.

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Year of publication:	2010-05-17
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Basel Core Principles \| Financial Sector Assessment Program \| Insurance supervision \| Payment systems \| Reports on the Observance of Standards and Codes \| Securities regulations \| credit \| payments \| shares \| insurance business \| payment system \| collateral \| risk management \| supervisory authority \| settlement systems \| reinsurance \| shareholders \| life insurance \| money laundering \| confidentiality \| clients \| counterparty \| internal controls \| clearing members \| banking supervisors \| market intermediaries \| rtgs \| market participants \| banking supervision \| custody \| internal control systems \| reporting requirements \| insurance supervisors \| foreign authority \| securities regulation \| registration \| accounting standards \| share capital \| foreign banks \| systemic risk \| custodian \| penalties \| ethical standards \| supervisory authorities \| internal audit \| securities firms \| share information \| reinsurance companies \| audit function \| confirmation \| supervisory regime \| regulatory authority \| prices \| market intermediary \| checks \| third parties \| safekeeping \| securities transactions \| custodians \| collective investment scheme \| supervisory process \| licensing requirements \| legal entity \| insider trading \| retail payments \| money laundering measures \| legal entities \| foreign branches \| supervisory arrangements \| reporting obligations \| repo \| pricing \| customer accounts \| enforcement powers \| criminal offence \| crime prevention \| securities markets \| market manipulation \| financial operations \| iosco principles \| supervisory approach \| financial supervision \| counterpart \| information exchange \| compliance officer \| licensing process \| securities industry \| principal risk \| segregation \| risk management systems \| foreign regulators \| credit transfers \| foreign authorities \| exchange information \| international standards \| false information \| good faith \| border transactions \| clearing systems \| transparency requirements \| combating money laundering \| suspicious transactions \| stress testing \| adequate powers \| professional secrecy \| target system \| protocols \| supervisory standards \| cash transactions \| rolling settlement \| confidentiality requirements \| penal code \| securities regulators \| internal rules \| criminal law \| customer transactions \| combating money \| foreign counterparts \| tax evasion \| due regard \| licensing authority \| prudential supervision \| due diligence \| regulatory authorities \| monetary union \| clearing houses \| competent authorities \| technical capacity \| foreign exchange offices \| contractual obligations \| judicial authorities \| criminal prosecution \| business relations \| internal organization \| refinancing \| custody services \| securities accounts \| suspicious transaction \| regulatory environment \| civil liability \| life insurance business \| prepaid cards \| audit trails \| money market instruments \| supervisory principles \| prudential regulation \| real time gross settlement \| suspected money laundering \| subordinated loans \| internal review \| credit cards \| transparency standards \| secrecy legislation \| collective investment schemes \| pension funds \| anti money laundering \| international accounting standards \| financial intelligence unit \| criminal elements \| provisional transfers \| face value \| retail transactions \| risk management practices \| bilateral netting \| cheques \| transferable securities \| self assessment exercise \| accident insurance \| foreign clients \| assessment process \| financial records \| internal control procedures \| secrecy laws \| domestic counterparts \| funds transfers \| insurance law \| international cooperation \| criminal activities \| legal impediments \| customer identification \| regulatory requirements \| efficient court systems \| risk profile

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/131 13 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243181