Finansinspektionen (FI) and the Riksbank have held their second meeting within the framework of the Council for Cooperation on Macroprudential Supervision. The participants discussed the current situation and observed that unease on the financial markets has abated but that underlying structural problems still persist in a number of European countries.
Swedish banks, however, currently have adequate access to market funding and their resilience is good. In addition, FI described the continued work on introducing a quantitative requirement for a liquidity coverage ratio, LCR, on 1 January 2013.
The participants also discussed developments on the mortgage market and household indebtedness. In this context, FI’s work on risk weighting for mortgages was also discussed, and the participants agreed that risk weights needed to be raised and that possible further measures, such as amortisation requirements, needed closer study.
The participants also discussed Stibor, the Stockholm Interbank Offered Rate, and agreed that it is very important that a better regulatory framework for the banks should be in place by the end of the year. Other items discussed included the market for short-term financing in SEK and the banks’ encumbered assets.
Participants at the meeting were Martin Andersson, Per Håkansson and Martin Noréus from FI, and Stefan Ingves, Per Jansson and Mattias Persson from the Riksbank.
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