At the invitation of the Ministry of Finance and the Riksbank, the International Monetary Fund (IMF) will visit Sweden to make a structured examination of the financial sector, what is known as an FSAP (Financial Sector Assessment Program). This assessment will entail the IMF analysing the financial sector, the public authorities, legislation and financial supervision in Sweden. The IMF will also include in its report any shortcomings and risks that are detected and propose measures for dealing with them.
The IMF has carried out FSAPs in almost all member countries since 1999 and they have also made a second assessment for a number of countries. Sweden had its first FSAP during 2001/2002.
The plan is that the results of the FSAP for Sweden will be discussed by the IMF Board in summer 2011 and will be published after that.
In Sweden the Ministry of Finance, the Riksbank and Finansinspektionen (the Swedish Financial Supervisory Authority) will be the main contributors to the FSAP work. The Swedish Government and those authorities have begun work on coordinating the preparations for the IMF visit.