Newslist Financial stability

The compliance of banks with MREL requirements – Q4 2020

News 2 March 2021 Financial stability

At the end of the fourth quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Clarification regarding referral to Council on Legislation about changes to regulations for managing financial firms in crisis

News 18 February 2021 Financial stability

On 11 February 2021, the Swedish Government decided on a proposal referred to the Council on Legislation for consideration, concerning revisions to the regulations for managing financial firms in crisis. The Swedish National Debt Office is hereby making some clarifications in regard to what the...

Annual decisions made on planning for crisis management of Swedish banks

Press release 21 December 2020 Financial stability

Nine Swedish banks conduct systemically important operations and therefore must be managed through a particular procedure, resolution, in the event of a crisis. This assessment is made by the Swedish National Debt Office in the resolution plans on which it has now decided.

The compliance of banks with MREL requirements – Q3 2020

News 30 November 2020 Financial stability

At the end of the third quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

The compliance of banks with MREL requirements – Q2 2020

News 27 August 2020 Financial stability

At the end of the second quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

The compliance of banks with MREL requirements – Q1 2020

News 28 May 2020 Financial stability

At the end of the first quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Consultation response: Sweden should postpone decision to enter banking union

News 24 April 2020 Financial stability, About the Debt Office

The Swedish National Debt Office’s opinion is that Sweden should hold off on joining the banking union, as participation in the near future risks leading to transfer payments from Sweden for the crisis management of banks within the banking union. The fact that the banking union is not yet complete...

Debt Office extends phase-in for subordination of liabilities to support credit supply

News 7 April 2020 Financial stability, Covid-19

The Swedish National Debt Office has decided, effective immediately, to extend the phase-in period for the banks to meet MREL with own funds and subordinated liabilities to 2024 (from 2022). The measure is being taken to facilitate the banks’ ability to support the credit supply to businesses and...

Government guarantee programme for companies now accepting applications

Press release 3 April 2020 Financial stability, Guarantees and Lending, Covid-19

To mitigate the economic impact of the coronavirus pandemic, the Government has set up a programme for emergency economic relief that involves state guarantees for loans to companies affected by the virus outbreak. Banks now have the opportunity to participate in the guarantee programme.

The Debt Office prepares guarantee programme for Swedish companies

Press release 27 March 2020 Financial stability, Guarantees and Lending, Covid-19

The Government is authorising the Swedish National Debt Office to establish state credit guarantees for companies in Sweden that have been financially impacted by the coronavirus.

Debt Office receives mandate to prepare credit guarantee programme for Swedish airlines

Press release 17 March 2020 Financial stability, Guarantees and Lending, Covid-19

The Swedish National Debt Office has been tasked by the Government to take preparatory actions for issuing state credit guarantees for Swedish airlines. The guarantee programme is a measure for mitigating the economic impact of the new coronavirus.

The Debt Office’s report on how banks are complying with MREL requirements – Q4 2019

News 5 March 2020 Financial stability

As of the end of the fourth quarter 2019, all banks complied with the requirements for own funds and eligible liabilities (MREL requirements) set by the Debt Office.

Annual decisions taken on planning for crisis management of Swedish banks

Press release 18 December 2019 Financial stability

Nine Swedish institutions currently conduct operations that are critical to the financial system. This has been established by the Swedish National Debt Office in its annual decisions on plans for managing Swedish banks and other institutions in crisis.

The Debt Office publishes information on how banks are meeting requirements

News 29 November 2019 Financial stability

For the first time, the Swedish National Debt Office is publishing a report on how Swedish banks comply with their requirements for own funds and eligible liabilities (MREL). These liabilities can be written down or converted into equity if the Debt Office manages a bank in crisis through...

New EU agreement on crisis management regulations

News 29 August 2019 Financial stability, Deposit Insurance

The EU Ministers of Finance confirmed an agreement yesterday on a revised regulatory framework for crisis management in the banking sector – the EU Crisis Management Directive.

Debt Office adapts methodology to assess eligibility for simplified obligations in resolution planning

News 11 April 2019 Financial stability, Deposit Insurance

The Debt Office, as resolution authority, has adapted its methodology for determining whether institutions should be subject to simplified obligations in resolution planning.

Decision on MREL for Danske Hypotek AB

News 11 April 2019 Financial stability, Deposit Insurance

The Debt Office has made a decision on the minimum requirement for own funds and eligible liabilities (MREL) for Danske Bank’s Swedish subsidiary Danske Hypotek AB. The decision is part of the work conducted by Danske Bank’s resolution college, which is led by the Danish resolution authorities...

Debt Office Director General commented on Brexit and EU Banking Package at press conference

Press release 20 February 2019 Financial stability, Deposit Insurance

At today’s press conference on the Debt Office’s central government borrowing forecast, Debt Office Director General Hans Lindblad addressed the current issues of Brexit as well as the EU Banking Package and BRRD2.

Sweden is better prepared for a banking crisis

News 5 February 2019 Financial stability, About the Debt Office, Deposit Insurance

Sweden is now better prepared for a financial crisis than it was ten years ago. This was emphasised by Swedish National Debt Office Director General Hans Lindblad when he spoke today at the Riksdag Committee on Finance’s open hearing on financial stability.

Do banks still benefit from an expectation of an implicit state guarantee?

News 22 January 2019 Financial stability, About the Debt Office, Deposit Insurance

A new report from Finansinspektionen and the Swedish National Debt Office shows that the value of an implicit state guarantee for the major Swedish banks has decreased since the financial crisis in 2008–2009. This decrease is due to higher capital and liquidity requirements on the banks, a new...