Wednesday, December 10, 2014

Good resilience of banks – the Swedish newspaper Svenska Dagbladet

Good resilience of banks – the Swedish newspaper Svenska Dagbladet

It writes the Financial Supervisory Authority, FI, in its Financial Stability Report on Wednesday.

“Despite global concerns, banks have good resilience and access to finance. The major banks’ funding needs of the market and household huge debts are simultaneously vulnerabilities must be monitored and mitigated, “writes FI.

FI while noting that banks have sufficient capital and access to funding from the market even in a relatively uncertain international environment. The European Banking Authority (EBA) stress tests also showed that Swedish banks are among the best equipped in Europe for the weaker performance of the economy.

“The vulnerabilities still find because according to FI largely on the structure of the system. Sweden has a large and interconnected financial system with four large banks that everyone needs to borrow money on the market to finance lending, especially in the form of Swedish mortgage, “writes FI.

Financial Supervisory Authority publishes the same time a decision to let the countercyclical capital buffer remain unchanged.

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