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Reporting: resolution planning and MREL
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.
Banks, credit market companies, and those investment firms that are subject to the Resolution Act (2015:1016) – the institutions below – are required to submit information so that the Debt Office can develop resolution plans. The information must be submitted once a year via Finansinspektionen’s reporting system, FIDAC (Finansinspektionen Data Collection) in XBRL format.
Incorrectly reported information hinders the agency’s work. The Debt Office therefore emphasises the importance of institutions ensuring beforehand that the information they submit to the agency is correct.
The document "Reporting for resolution planning 2024" specifies what information the institutions are to submit. It also contains Finansinspektionen’s instructions for reporting.
Institutions are to include a positive filing indicator for all templates that are to be reported according to the instructions in "Reporting for resolution planning 2024". For all templates that are not to be reported according to the instructions, a negative filing indicator must be included.
Reporting for resolution planning 2024 (in Swedish)
Finansinspektionen’s reporting portal
Reporting for the minimum requirement for own funds and eligible liabilities
Each quarter the Debt Office retrieves information, through Finansinspektionen, in order to monitor compliance with MREL. The quarterly monitoring covers the institutions that are to be managed through resolution. The institutions report to Finansinspektionen in accordance with the Debt Office’s regulations governing resolution (RGKFS 2015:2) and Commission Implementing Regulation (EU) 2021/763.
The Debt Office’s regulations governing resolution (RGKFS 2015:2)
Commission Implementing Regulation (EU) 2021/763
Read more about reporting on Finansinspektionen’s website
Who is affected?
The reporting requirement only applies to credit institutions and investment firms subject to the Resolution Act (2015:1016), of which Chapter 2, Section 1 further specifies the firms covered. The parent company of groups comprising credit institutions and investment firms in other EEA countries must report for these as well.
Any questions?
For technical matters regarding reporting, please contact rapportering@fi.se
For other questions, please contact rapportering@riksgalden.se