Capital requirements of Swedish banks as of Q4 2023

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q4 2023.

Comprehensive overview is important when changing the conditions on the housing market

2024-02-22 | Mortgage News Consumer

FI has received an assignment from the Government to assess an increase in the loan-to-value (LTV) cap from 85 to 90 percent. At the same time, the Government proposes phasing out the tax deductibility for unsecured loans. We assess that an increase in the LTV cap would lead to higher household indebtedness and an increase in associated risks. This assessment holds even if interest rate deductions for unsecured loans are phased out. We also take the position that it is appropriate to await the results of the ongoing inquiry into both the LTV cap and the amortisation requirement and consider any changes to the measures comprehensively.

Ownership reporting

2024-02-15 | Reporting Bank

Financial entities are obligated to report larger holdings, for example subsidiaries and other ownership interests.

Outsourcing contracts

2024-02-06 | Bank

If a credit servicer wants to outsource its credit servicing operations to a third party, FI must be notified.

Cross-border activities

2024-02-06 | Bank

A credit servicer authorised pursuant to the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) is entitled to conduct business in other EEA countries.

Credit servicers

2024-02-06 | Bank

In accordance with the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) authorisation from FI is required to conduct, on behalf of a credit purchaser, professional credit servicing of a non-performing credit agreement entered into between a credit institution with the EEA and a borrower.

Debt collection

2024-02-06 | Bank

According to the Debt Collection Act (1974:182), authorisation from FI is required to conduct debt collection operations related to the collection of debt on a third party’s behalf or debt that has been taken over for collection.

Reciprocation of macroprudential measures in other countries

According to the capital adequacy regulations (Capital Requirements Regulation and Capital Requirements Directive), a country can ask other countries to reciprocate adopted macroprudential measures. FI has decided to reciprocate measures introduced by several other countries.

Capital requirements for Swedish banks

FI publishes the capital requirements for Swedish banks and credit institutions in supervision categories 1 and 2 every quarter.