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

This paper discusses the current 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 Basel Core Principlesâ€™ essential criteria. However, the assessors found evidence of impairment in Finansinspektionen (FI)â€™s operational independence. Assessors suggest that staffing levels at FI are an urgent concern to be remedied and also that a revised legal structure ensuring greater independence of FI be considered.

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Year of publication:	2011-09-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Basel Core Principles \| Financial Sector Assessment Program \| Reports on the Observance of Standards and Codes \| credit \| banking \| capital adequacy \| internal audit \| capital base \| banking supervision \| internal control \| checks \| confidentiality \| external auditor \| shares \| consolidated supervision \| banking system \| clients \| banking license \| capital requirement \| stress testing \| banking business \| credit risk management \| counterparty \| shareholders \| deposit guarantee \| registration \| income statement \| consolidated financial statement \| collateral \| banking supervisors \| financial strength \| holding company \| payment systems \| banking companies \| cash flows \| resource allocation \| credit policy \| off balance sheet \| penalties \| bank accounting \| confirmation \| banking market \| pricing \| banking authority \| bank management \| payment system \| deposit insurance \| prudential regulation \| foreign exchange \| present value \| share capital \| bank holding \| capital adequacy ratio \| banking regulation \| bank failure \| mortgage lending \| bank branches \| off site supervision \| credit control \| refinancing \| recapitalization \| retained earnings \| supplementary capital \| bank holding companies \| banking activities \| bank holding company \| segregation \| bank restructuring \| bank safety \| bank takeover \| deposit insurance scheme \| payments \| mortgage bank \| banking systems \| asset classification \| probability of default \| savings bank \| prices \| bank insolvency \| systemic risk \| bank exposures \| beneficial ownership \| var model \| banking legislation \| capital planning \| banks ? balance sheets \| management information system

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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 11/281 10 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245692