The Swedish Financial Supervisory Authority reported on its latest semiannual meetings with financial sector trade associations, which focused on sustainability regulation, nature-related risks and ongoing supervision. In that context, it highlighted the European Union regulation on sustainability ratings, which starts to apply this summer, and outlined plans to implement European Union rules aimed at giving a clearer picture of how banks manage sustainability risks. Related revised regulations from the authority are also due to enter into force this summer. For banks, the authority described a methodology under development to review the plans banks must prepare to monitor and manage financial risks linked to sustainability. For insurers, it presented upcoming sustainability risk rules stemming from the Solvency II review, which are expected to take effect in January 2027. A prominent discussion point was nature-related risk, including exposures linked to water scarcity, ecosystem degradation and biodiversity loss, with participants focusing on industry progress, data gaps and tools for measuring such risks. The authority also referenced its work on the issue through international cooperation in the Network for Greening the Financial System. The meetings bring together representatives from the banking, insurance, fund and securities sectors and are used to discuss recently introduced regulation and provide supervisory guidance across issues that cut across sectors.
Finansinspektionen2026-06-12
Swedish Financial Supervisory Authority discusses incoming sustainability rules and nature related risks with industry groups
The Swedish Financial Supervisory Authority said its latest industry meetings on sustainability covered incoming European Union rules, ongoing supervisory work and nature-related risks. It highlighted summer implementation of sustainability ratings and bank sustainability risk rules, a developing bank review methodology, and new insurance sustainability risk rules expected from January 2027.