Sweden

Stress tests covered three major segments of the domestic financial sector, with an emphasis on the largest financial institutions. Within the banking industry, this included the four largest banks that together constitute over 75 percent of the banking system by assets; the four largest life insurance providers and three non-life insurers, with 78 and 53 percent market share in terms of gross written premiums, respectively; and around 850 investment funds representing 95 percent of the industry’s total net assets. Stress tests of non-financial corporations were also implemented and were used to validate corporate inputs used in the banking stress tests.