The Swedish Financial Supervisory Authority published a statement from its Director General Daniel Barr in connection with its decision to issue a reprimand to the Swedish Pensions Agency following a review of the agency’s investments in Heimstaden Bostad. Barr said he declared a conflict of interest and did not take part in the investigation or decision because he served as Director General of the Swedish Pensions Agency during the period under review. He noted that the contract with Heimstaden had been reviewed by internal and external lawyers before the investment decision, and that those conclusions differ from the conclusions in the Swedish Financial Supervisory Authority’s decision; he remains unable to comment on the matter and will review the decision to understand the basis for the outcome.
Finansinspektionen 2025-03-12
Swedish Financial Supervisory Authority reprimands the Swedish Pensions Agency over Heimstaden Bostad investment
The Swedish Financial Supervisory Authority reprimanded the Swedish Pensions Agency after reviewing its investments in Heimstaden Bostad. Director General Daniel Barr recused himself due to a conflict of interest, having served as Director General during the period under review. Barr noted that lawyers reviewed the contract, reaching conclusions that differed from the Authority's decision.