Financial Supervisory Authority (Sweden)

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Financial Supervisory Authority
Finansinspektionen
Fsa se logo.png
Agency overview
Formed 1991
Jurisdiction Sweden
Headquarters Stockholm, Sweden
Employees 300[1]
Agency executive Martin Andersson, Director General (Since 2009)
Website www.fi.se

Finansinspektionen (FI; Financial Supervisory Authority in English) is the Swedish government agency responsible for financial regulation in Sweden. It is responsible for the oversight, regulation and authorisation of financial markets and their participants. The agency falls under the Swedish Ministry of Finance and regulates all organisations that provide financial services in Sweden.[2]

History[edit]

FI was formed 1991 to create a creating a single integrated regulator covering banking, securities, and insurance in Sweden. This was done with the merging of the former banking and insurance supervisory bodies. These were the Insurance Supervision Authority (Swedish: Försäkringsinspektionen) and the Bank Inspectorate (Swedish: Bankinspektionen).

Responsibilities[edit]

FI's primary responsibility is market stability and the monitoring of financial markets and participants. It also has a responsibility to provide consumer protection in relation to financial products. One of its tasks is monitoring for instability that will negatively affect the Swedish financial system. If it believes that this is the case it has a duty to report that to the Swedish government who are responsible for taking any action.

The Authority has three main activities:

  • Issue of permits to companies that wish to provide financial services
  • Designing rules and regulations for financial activities
  • Supervision of these rules and the performance of risk assessments

Organisation structure[edit]

FI is a Swedish government central administrative authority that falls under the Swedish Ministry of Finance. It is run by an eight member board which is appointed by the government. This includes the head of the agency, the Director General.

Director Generals[edit]

  • From 15 January 2009: Martin Andersson
  • June 2008 – 14 January 2009: Eric Saers (Acting Director General)
  • 2003 – May 2008: Ingrid Bonde
  • 1993–2002: Claes Norgren
  • 1991–1993: Anders Sahlén

See also[edit]

References[edit]

  1. ^ Who we are
  2. ^ official website (English)

External links[edit]