AMWatch

Swedish financial watchdog values transparency about coronavirus preparedness

While the Danish FSA and central bank have not yet made a public statement about how prepared the Danish financial industry is for the coronavirus, the Swedish agency has made a point of being transparent, it tells FinansWatch.

Photo: PR/Finansinspektionen

Danish financial authorities are currently keeping their cards close to their chests when it comes to the risk posed by the coronavirus. This is despite several sources telling FinansWatch that the financial forums do have plans that can be put into action in the case of pressure on or threats to financial stability in Denmark.

In Sweden, a different approach is being followed, the Swedish authorities have told FinansWatch. On Thursday, Finansinspektionen released a statement saying that it had intensified its contact with banks, insurance companies and the stock exchange in Stockholm.

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