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- Title
The Role of SAIs in Maintaining Financial Stability.
- Authors
Hagberg, Thomas
- Abstract
The article looks at the role of Swedish National Audit Office (NAO) in stabilizing the financial sector in Sweden. The NAO managed the financial developments of Swedish banking operations in the Baltic region in Europe from 2005 to 2007, where it showed signs that depict high-risk levels including extreme credit growth and fast home price hikes. NAO suggested that Swedish Central Bank and Swedish Financial Supervisory Authority should modify their mandates on banking in the Baltic.
- Subjects
SWEDEN; SWEDEN. National Audit Office; BANKING industry; CREDIT; HOME prices; SWEDISH Central Bank (Company); FINANSINSPEKTIONEN (Sweden)
- Publication
International Journal of Government Auditing, 2012, Vol 39, Issue 1, p13
- ISSN
0047-0724
- Publication type
Article