Finance Panel: IMF on economic and financial policies in Sweden

During the seminar two reports were presented: IMF:s annual review of Sweden’s economic policies and the so called Financial Sector Assessment Program (FSAP) which is produced every fifth year.

Craig Beaumont, Mission Chief for Sweden, presented the results from the assessment. The conclusion is that the Swedish economy is in good shape, but a rising portion of households with high debt is creating a risks to economic stability. Another conclusion is that the large and regionally interconnected banking system needs stronger supervision.

The discussion that followed focused on tax regulation, housing, household’s assets and debt.

The Finance Panel is a meeting forum for the financial sector, hosted by SNS and the Swedish House of Finance.

Participants

Craig Beaumont, Mission chief for Sweden, IMF

Anna Breman, Chief Economist at Swedbank

Peter Englund, Professor department of Finance at Stockholm School of Economics

Hans Lindberg, CEO Swedish Bankers

Jesper Rangvid, Professor of Finance, Copenhagen Business School (CBS)

Erik Thedéen, Director General, Finansinspektionen (FI)

The meeting was held in English and is moderated by Pehr Wissén, Ph.D. economics, senior adviser, Swedish House of Finance at the Stockholm School of Economics.