Financial Supervisory Authority (Sweden)

{{Infobox government agency

| agency_name = Financial Supervisory Authority

| nativename = Finansinspektionen

| logo = Financial Supervisory Authority (Sweden) logo.svg

| logo_width = 160px

| logo_caption =

| seal =

| seal_width =

| seal_caption =

| formed = 1991

| preceding1 =

| dissolved =

| superseding =

| jurisdiction = Sweden

| headquarters = Stockholm, Sweden

| employees = 300{{Cite web |url=http://www.fi.se/Templates/Page____2618.aspx |title=Who we are |access-date=2010-03-24 |archive-url=https://web.archive.org/web/20100109171335/http://www.fi.se/Templates/Page____2618.aspx |archive-date=2010-01-09 |url-status=dead }}

| chief1_name = Daniel Barr

| chief1_position = Director General (outgoing)

| website = [http://www.fi.se www.fi.se]

| footnotes =

}}

Financial Supervisory Authority ({{langx|sv|Finansinspektionen}}, FI) 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.[http://www.fi.se/Default____3.aspx official website] {{in lang|en}}

History

FI was formed 1991 to create 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, the Bank Inspectorate ({{langx|sv|Bankinspektionen}}) and the Insurance Supervision Authority ({{langx|sv|Försäkringsinspektionen}}).{{Cite web|url=https://www.fi.se/en/about-fi/what-we-do/history-of-fI/|title=History of FI|website=www.fi.se|language=en|access-date=2018-05-31}}

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 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

==Notable cases==

In June 2020, FI fined SEB 1 billion crowns ($107.11 million) for failures in compliance and governance in relation to anti-money laundering regulations in the Baltics.Simon Johnson (25 June 2020), [https://www.reuters.com/article/europe-moneylaundering-seb-idINS3N29P02L Swedish fines SEB bank 1 bln SEK over money laundering compliance failures in Baltics] Reuters.

Organisational structure

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.

=Directors General=

2023–2025: Daniel Barr{{Cite web |last=Nyheter |first=S. V. T. |date=2025-04-10 |title=Finansinspektionens chef Daniel Barr slutar |url=https://www.svt.se/nyheter/inrikes/finansinspektionens-chef-daniel-barr-slutar |access-date=2025-04-14 |website=SVT Nyheter |language=sv}}

2022–2023: Susanna Grufman
2015–2022: Erik Thedéen
2009–2015: Martin Andersson
2008–2009: Eric Saers (actingSimon Johnson and Stine Jacobsen (17 June 2022), [https://www.reuters.com/markets/rates-bonds/swedens-central-bank-picks-erik-thedeen-new-governor-2022-06-17/ Swedish central bank picks FSA's Thedeen as new head as Ingves era ends] Reuters.)
2003–2008: Ingrid Bonde
1993–2002: Claes Norgren
1991–1993: Anders Sahlén

Criticism

The Director General of the Financial Supervisory Authority, Daniel Barr, was forced to resign by the government in 2025 after Justitieombudsmannen had criticized how the Swedish Pensions Authority managed investments during the time Daniel Barr was Director General there.{{Cite web |last=Nordebo |first=Peter |date=2025-04-11 |title=Generaldirektör får lämna sin post efter kritik {{!}} Publikt |url=https://www.publikt.se/nyhet/generaldirektor-far-lamna-sin-post-efter-kritik-27048 |access-date=2025-04-14 |website=www.publikt.se |language=sv}}{{Cite web |last=Nyheter |first=S. V. T. |date=2025-04-10 |title=Finansinspektionens chef Daniel Barr slutar |url=https://www.svt.se/nyheter/inrikes/finansinspektionens-chef-daniel-barr-slutar |access-date=2025-04-14 |website=SVT Nyheter |language=sv}} Dagens industri noted that trust in the Financial Supervisory Authority had been weakened following this scandal.{{Cite web |last=EkelundText |first=Kommentar:Anna |date=2025-04-10 |title=Förtroendet för FI måste återupprättas |url=https://www.di.se/nyheter/fortroendet-for-fi-maste-aterupprattas/ |access-date=2025-04-14 |website=Dagens industri |language=sv}}