In order to ensure effective crisis management, the Debt Office produces a resolution plan for each bank and financial institution in Sweden and sets minimum requirements for own funds and eligible liabilities (MREL). To do this, we require certain information from the banks and institutions.
The Debt Office requires information for developing plans to manage crisis-affected banks and other institutions through resolution. Effective from 2019, such institutions periodically report to Finansinspektionen (the Swedish Financial Supervisory Authority) via its Reporting Portal. The Debt Office then obtains the data from Finansinspektionen. The banks and institutions are required to report once a year.
The document Reporting for resolution planning 2020 states what the Debt Office requires as resolution authority. Here, you will also find information about what Finansinspektionen expects the banks and institutions concerned, to report.
Reporting for resolution planning 2020 (only available in Swedish)
The European Banking Authority (EBA) has issued a statement on easing the requirements for supervisory and resolution reporting with the aim of alleviating the burden on the banks during the coronavirus pandemic. Banks and other institutions are therefore given the opportunity to apply for an extension of up to one month for reporting data to Finansinspektionen (The Swedish Financial Supervisory Authority).
The application to defer reporting shall include the reasons for doing so and be sent to: email@example.com
Finansinspektionen will grant extensions on a case-by-case basis.
Read more about the application process on Finansinspektionen’s website (in Swedish)
Reporting for the minimum requirement for own funds and eligible liabilities
Each quarter, we obtain information via Finansinspektionen about how banks and institutions comply with MREL. This applies to the banks and institutions that have been deemed systemically important and for which the Debt Office has set full MREL requirements. In the document below, we describe how the Debt Office and Finansinspektionen use the reported information to assess how banks and institutions comply with MREL on a consolidated basis.
Memo: Reporting MREL 2019 (only avaliable in Swedish)
Who is affected?
Finansinspektionen provides a list of the companies covered by the Resolution Act (2015:1016). Here, you will see which financial institutions are required to report.
To the Swedish Financial Supervisory Authority's list