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

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2023 Issue 180

Publication date: May 2023

ISBN: 9798400242632

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Money and Monetary Policy , International - Economics , implementing resolution , EU bank recovery , capital markets department , crisis simulation exercise , bank Resolvability , EU Economic , authority crisis coordination , Crisis management , Bank resolution framework , Bank resolution , Crisis resolution , Crisis management framework , Baltics , Global

Also of interest

Peru

Grenada

Nepal

Peru

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.”