Sweden's Finansinspektionen launches three measures to identify total defence-critical financial firms and sector vulnerabilities

Sweden's Finansinspektionen has set out its 2025 priorities for financial-sector preparedness, announcing three workstreams to improve understanding of which institutions and services are critical to Sweden’s total defence and where key vulnerabilities lie. The first measure, starting in the first quarter of 2025, will identify firms that provide socially critical financial services at significant scale or importance so they can be classified as total defence-critical institutes, with closer supervisory cooperation on preparedness to follow. A second measure will map where the financial sector’s critical infrastructure is geographically located to support continued provision of financial services across the country during severe disruptions. The third will analyse other sectors’ requirements and dependencies on financial services during heightened readiness, covering a number of sector-responsible authorities and Sweden’s civil areas. Finansinspektionen will also work during 2025 on a government assignment covering the direction of military and civil defence for 2025–2030 and on total defence planning for the financial sector together with the Swedish Armed Forces, the Riksbank and the Swedish National Debt Office.