Sweden: Early Adopter of Formal Banking Supervision with Incremental Steps

Eiji Hotori (), Mikael Wendschlag () and Thibaud Giddey ()
Additional contact information
Eiji Hotori: Yokohama National University
Mikael Wendschlag: Uppsala University
Thibaud Giddey: University of Oxford

Chapter Chapter 4 in Formalization of Banking Supervision, 2022, pp 65-75 from Springer

Abstract: Abstract The banking supervision in Sweden was formalized incrementally over the last half of the nineteenth century when the banking sector grew and modernized. Swedish banking regulation developed out of the charter requirement, and the supervision out of the administration of the growing number of charter applications. With the creation of the Bank Bureau within the Ministry of Finance and the development of the Bank Inspector profession in the 1860s and 1870s, banking supervisory activities such as on- and off-site examinations became more frequent and standardized. The creation of the independent agency, the Bank Inspection Board, in 1906, and the transfer of supervisory executive powers from the Ministry of Finance to the new supervisory agency, were the final step of the formalization process. During the same period, banking regulation was harmonized and furthered a process of centralizations to the authorities in Stockholm.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6783-1_4

Ordering information: This item can be ordered from
http://www.springer.com/9789811667831

DOI: 10.1007/978-981-16-6783-1_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().