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

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2017/306

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (29 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2017.

Summary:

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.

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.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781484322680

1484322681

9781484322727

148432272X

OCLC:

1007846276