European Parliament Library

Sweden :, Financial Sector Assessment Program-Technical Note-Crisis Readiness, Management, and Resolution

Abstract
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Sweden in the areas of financial safety net and crisis management arrangements. Since the 2011 FSAP, Sweden’s financial safety net and crisis management frameworks, including bank resolution and contingency planning, have improved. In response to the FSAP and the overhaul of pertinent EU rules, Sweden has enacted a host of new legislation, introduced a resolution regime for credit institutions and certain investment firms, and revised its deposit insurance system, allowing it to fund resolution measures. To ensure operational capacity to rapidly deploy recovery and resolution tools, further investments are needed to strengthen the safety net and crisis management frameworks
Table Of Contents
Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- BACKGROUND -- A. Introduction -- B. Scope of the Note -- C. Financial Oversight Architecture -- SOUND SWEDISH FOUNDATIONS -- INVESTING IN OPERATIONAL CAPACITY -- CROSS-BORDER CLARIFICATIONS -- BOX -- 1. Recovery and Resolution Staffing -- TABLE -- 1. Recommendations on Financial Safety Net and Crisis Management -- APPENDICES -- I. Resolution Toolkit -- II. International Standards on Legal Protection of Supervisory and Resolution Staff -- III. Early Intervention Powers -- IV. Recovery and Resolution Planning -- V. Cross-Border Arrangements under the BRRD
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (29 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780148432277

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