On November 7-10, 2010, representatives of the Ministry of Finance of Ukraine and the Deposit Guarantee Fund took part in a FINREP-supported study tour to Stockholm (Sweden). The purpose of this trip was to study Sweden’s experience in resolving troubled banks during financial crises. During the course of the study tour, top officials of the Ministry of Finance of Sweden, the Swedish National Debt Office, the Financial Services Authority and Sveriges Riksbank (the Swedish central bank) made presentations and discussed the measures taken in Sweden to maintain the stability of the banking system during the most recent crisis and a severe crisis during the 1990s. During these presentations and discussions, the Ukrainian officials received answers to their questions related to the methodology employed by the Swedish Government when working with troubled banks during a financial crisis. The presenters described in detail the advantages and disadvantages of existing bank rehabilitation approaches in Sweden and the methodology for valuation and sale of bank assets purchased by the government (government guarantee issuance, recapitalization, stabilization fund to support the banking system during the crisis). A separate block of time was dedicated to the government exit strategy for the recapitalized banks. A particularly useful exchange of views on the problems of state support of the banking system took place in the meeting between the tour participants and Mr. Stefan Ingves, Governor of Sveriges Riksbank. According to Ms. Tetiana Sysoieva, Director of the Department for State Participation in Bank Capitalization, Ministry of Finance of Ukraine, the study trip was “useful and informative.”

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