Regulatory Alerts2014-12-15
Regulations amending Finansinspektionen’s regulations and general guidelines regarding the management of operational risks
Finansinspektionen, the Swedish financial supervisory authority, amended its regulations on operational risk management to explicitly define the scope of applicable undertakings. The revised text specifies that the rules apply to banking companies, savings banks, members’ banks, credit market companies, credit market associations, and investment firms. Furthermore, the regulations mandate application at the group or subgroup level in accordance with the Special Supervision of Credit Institutions and Investment Firms Act and entered into force on 2 August 2014.
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