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Adjustment of resolution fees for 2023
News 26 February 2025
The Swedish National Debt Office will pay back a small portion of the 2023 resolution fee to 28 institutions as a result of an error in how the fees were calculated. We have also taken measures to ensure that the error will not occur again.
In the spring of 2024, the Debt Office discovered an error in the calculation model that is used to distribute the fee among those institutions that pay a risk-adjusted fee. The error stems from one of the risk indicators used in the calculation and led to 28 institutions paying a fee that was too high.
In total, the incorrect fees amount to SEK 31,118,000. This corresponds to 0.77 per cent of the SEK 4.06 billion in total fees charged for 2023. For the institutions that will receive a repayment, the incorrect fee amounts to between 0.04 per cent and 14.16 per cent of their respective charged fee.
The Debt Office takes this error very seriously, and the agency has therefore taken measures to both correct the error and make sure that it does not happen again. We have recalculated the fee for 2023 to ensure that the institutions that paid a fee that was too high will now have a portion of that fee repaid. We have also improved internal processes, procedures, and systems.
As the incorrect fee is a small portion of the total fee charged, it neither affects the forthcoming fees nor the point in time at which the resolution reserve is expected to reach the target level.
Today, the Debt Office contacted those institutions that will receive a repayment of funds.
The resolution fees build up the resolution reserve
To finance crisis management of banks and other institutions, the institutions must pay in funds to an account called the resolution reserve. The resolution reserve can be used to fund a crisis management procedure if the internal resources of a failing institution are insufficient.
The resolution reserve is accumulated by the Debt Office charging an annual fee until the reserve amounts to three per cent of guaranteed deposits (the target level). Larger institutions pay a risk-adjusted fee in proportion to the institution’s size and level of risk. Smaller institutions pay a standard fee set according to different ranges based on the size of the institution.