Finansinspektionen – Sweden

Finansinspektionen (FI) is the financial supervisory authority of Sweden, responsible for regulating and overseeing the Swedish financial markets. Its primary mission is to promote a stable and efficient financial system which is characterized by high levels of consumer protection and confidence.

Key Functions and Responsibilities

• Regulatory Oversight: FI monitors and supervises the financial and insurance sectors, ensuring that they operate in a stable and sound manner. This includes oversight of banks, credit institutions, insurance companies, and other financial entities.
• Consumer Protection: A significant aspect of FI’s work involves enhancing consumer protection in the financial markets, ensuring that financial entities provide clear and fair services to their customers.
• Risk Assessment and Management: FI actively assesses risks in the financial system, ensuring that there are adequate controls and measures in place to manage and mitigate these risks.

Strategic Initiatives

FI is focused on strengthening the financial system’s resilience by enforcing strict compliance with regulatory requirements, enhancing risk management practices, and promoting transparency and fairness in the market.

Recent Developments

FI’s recent activities include addressing the risks associated with the real estate sector, specifically targeting the high loan-to-value ratios in commercial real estate firms. Additionally, FI is involved in efforts to combat money laundering and has prioritized sectors where these risks are perceived to be higher.