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Finansinspektionen proposes that the countercyclical capital buffer should be 1.5 per cent from 27 June 2016.
Finansinspektionen shall, in accordance with the Capital Buffers Act (2014:966), set a countercyclical buffer guide and a countercyclical buffer rate quarterly.
The countercyclical buffer rate shall be used to calculate the firm-specific buffer rate. The firms affected by these regulations comprise credit institutions, investment firms, Svenska skeppshypotekskassan, fund management companies with discretionary portfolio management and AIF managers licensed to conduct discretionary portfolio management when calculating the firm-specific countercyclical capital buffer.
Finansinspektionen decided in September 2014 to set a countercyclical capital buffer for Sweden at 1.0 percent (FFFS 2014: 33). This buffer rate shall apply from 13 September 2015.
Finansinspektionen is now proposing that the countercyclical capital buffer for Sweden should be set at 1.5 per cent from 27 June 2016, given the present economic conditions. This position is based on a qualitative assessment that takes account of quantitative factors, including the buffer guide.
Questions about the proposal are answered by Matilda Gjirja (tel 08-787 83 95, or matilda.gjirja@fi.se)
Written comments on the proposal should be submitted to Finansinspektionen, Box 7821, SE 103 97 Stockholm, or by e-mail to finansinspektionen@fi.se, no later than 8 June 2015.
