Financial Supervisory Authority (Sweden)
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Financial Supervisory Authority ( sv, Finansinspektionen, FI) is the Swedish government agency responsible for
financial regulation Financial regulation is a form of regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has sli ...
in
Sweden Sweden ( sv, Sverige ), officially the Kingdom of Sweden ( sv, links=no, Konungariket Sverige ), is a Nordic countries, Nordic country in Northern Europe.The United Nations Group of Experts on Geographical Names states that the country's fo ...

Sweden
. It is responsible for the oversight, regulation and authorisation of
financial market A financial market is a market Market may refer to: *Market (economics) *Market economy *Marketplace, a physical marketplace or public market Geography *Märket, an island shared by Finland and Sweden Art, entertainment, and media Films *Ma ...
s and their participants. The agency falls under the Swedish
Ministry of FinanceA ministry of finance is a common type of government department that serves as a finance ministry. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Economy (Albania) * Ministry ...
and regulates all organisations that provide financial services in Sweden.official website


History

FI was formed 1991 to create a single integrated Regulatory agency, regulator covering banking, Security (finance), securities, and insurance in Sweden. This was done with the merging of the former banking and insurance supervisory bodies, the Bank Inspectorate ( sv, Bankinspektionen) and the Insurance Supervision Authority ( sv, Försäkringsinspektionen).


Responsibilities

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 Government of Sweden, 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

FI is a Swedish government central administrative authority that falls under the Ministry of Finance (Sweden), 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. Erik Thedéen became the Director General in October 2015.


Directors General

* 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

* Financial regulation * Government agencies in Sweden * Securities Commission


References


External links

*
Official website in English
Finance in Sweden, Financial Supervisory Authority Government agencies of Sweden, Financial Supervisory Authority Regulation in Sweden Financial regulatory authorities of Sweden Government agencies established in 1991 1991 establishments in Sweden {{Sweden-stub