Minister for Financial Markets Niklas Wykman (M) is prepared to review whether the Financial Supervisory Authority (Fi) is the right authority to have responsibility for stability measures such as amortization requirements and mortgage ceilings.
There may be reasons to look at the overall picture here. Are the tools correctly designed? Are they in the right authority? Can this be done more efficiently with taxpayers' money? That analysis needs to be done, he says.
On Monday, an inquiry into macroprudential supervision, which has reviewed the amortization requirement and mortgage ceiling, among other things, will be presented.
Prior to the inquiry, the Director-General of the Financial Supervisory Authority, Daniel Barr, has emphasized the importance of retaining the two tools.
Meanwhile, media reports in DN, among others, suggest that the inquiry will propose relaxations. Something that Minister for Financial Markets Niklas Wykman has also opened up for in an interview with TT.
Whether the Financial Supervisory Authority is the right authority is not something the inquiry has looked into. Niklas Wykman, however, sees it as an obligation to "stop and evaluate".
I'm not closing any doors to the possibility that changes may be needed here to further strengthen financial stability, he says.
When asked who could take over the responsibility, the answer is evasive.
The overall responsibility lies with the government, says Wykman, adding that financial stability is a shared responsibility between, among others, the Financial Supervisory Authority, the National Debt Office, and the Swedish Central Bank.
One should have a discussion about which tools are best suited to be in which authority. But one can never get away from the fact that all these authorities are important, he says.
