Maintaining Financial Stability in Sweden - Experiences from the Swedish banks' expansion in the Baltics (full report) (RiR 2011:9)
The Swedish National Audit Office has audited the Riksbank's and Finansinspektionens' work regarding financial stability during the time-period 2005–2007 in light of the risk that the banks' expansion in the Baltic region entailed. The financial system is of great importance to the functioning of the economy and the Government has a general responsibility for the system's stability. The audit reveals that the public authorities underestimated the risks – especially the liquidity risks – and that the stress tests carried out were based on overly cautious assumptions.
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