| Summary: | This paper discusses the technical note on Crisis Management and Resolution for the Sweden financial sector assessment program. The Swedish financial safety net and crisis management arrangements rest on sound foundations and have been strengthened further by legislative and policy reforms in the financial sector. Developing crisis management capacity within and between agencies is required to ensure credible crisis management plans, including for bank resolution. On preparing for future bank failure, banks are yet to remove known barriers to resolvability, including reporting capabilities on resolution valuation, funding in resolution, and operational services dependencies. The Riksbank should improve market transparency by publishing a policy framework describing the central bank’s lender of last resort bilateral liquidity facilities’ capability for crisis management purposes, including funding in resolution. The Ministry of Finance should work to improve the operational independence of the SNDO by updating its funding arrangements
|
|---|