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

May 25, 2023

Preview Citation

Format: Chicago

Sweden: Financial Sector Assessment Program–Technical Note on Crisis Management and Resolution, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

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. The introduction of the Banking Recovery and Resolution Directive (BRRD) ahead of the 2016 Financial Stability Assessment Program (FSAP) established a well-developed statutory regime for supervisory early intervention, crisis management and resolution in Sweden. Since then, the government has implemented new EU Regulations on Recovery and Resolution of CCPs via complementary Swedish legislation establishing an early intervention, recovery, and resolution planning regime for CCPs. The new Riksbank Act, which came into force in January 2023, provides an explicit statutory basis for the central bank to provide liquidity support to avert “a serious disruption to the financial system in Sweden.”

Subject: Bank resolution, Bank resolution framework, Crisis management, Crisis management framework, Crisis resolution, Financial crises, International organization, Monetary policy

Keywords: Authority crisis coordination, Baltics, Bank resolution, Bank resolution framework, Bank Resolvability, Capital markets department, Crisis management, Crisis management framework, Crisis resolution, Crisis simulation exercise, EU bank recovery, EU Economic, Global, Implementing resolution

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/180
Stock No:

1SWEEA2023009
ISBN:

9798400242632
ISSN:

1934-7685

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