Regulatory Framework for Banks in Sweden (as of February 22, 2021)

The information provided below is accurate as of 22 February 2021 and may not reflect any changes that have occurred after this date. For the most current and comprehensive details, it’s advisable to consult with a qualified expert or check official government and regulatory websites.

Overview of Regulatory Framework

The regulatory environment for banks in Sweden is complex and governed by various laws, regulations, and directives. This framework aims to ensure the stability, security, and soundness of the banking system while protecting depositors’ interests.

Key Regulations:

• Bank Act (1995:1373): The primary legislation governing banking operations in Sweden.
• Financial Markets Act (2009:799): Regulates financial markets, including banks.
• EU Directives: Transposed into Swedish law through the EU’s Financial Services Directive.

Key Supervisory Bodies:

• Finansinspektionen (FI): The Swedish Financial Supervisory Authority responsible for regulating and supervising financial institutions.
• Swedish Riksbank: The central bank of Sweden, responsible for monetary policy and oversight of commercial banks.