Finansinspektionen (FI) And The Riksbank: Minutes Of The Meeting Of The Council For Cooperation On Macroprudential Policy Held On 24 February 2012

Finansinspektionen (FI) and the Riksbank state at the first meeting of the Council for Cooperation on Macroprudential Policy held on 24 February 2012 that Sweden must be able to set stricter requirements for Swedish banks than what applies within the EU.

Both FI and the Riksbank believe that EU Member States must have the possibility to set stricter requirements for their banks, for example with regard to capital adequacy, than the requirements that apply in the rest of the EU due to variations in systemic risks between countries.

The authorities point out that proposals regarding maximum harmonisation of the capital adequacy rules in the EU may obstruct authorities from being able to conduct effective macroprudential supervision of the financial system.

Both authorities also believe that Sweden should introduce quantitative liquidity measurements (Liquidity Coverage Ratio, LCR) earlier than what is planned within the EU. Sweden will also need to introduce separate LCR requirements for EUR and USD.