Sveriges Riksbank

Riksbank notes rise in stability risks

Global financial market uncertainty and the risk of a pronounced economic dip have made the Swedish banking sector more vulnerable, though the industry remains financially strong, the Riksbank said in its latest Financial Stability Report.

Riksbank's Ingves calls for regulatory revamp

Stefan Ingves, the governor of the Riksbank, wants a regulatory framework that combines the need to maintain stability and minimise costs to the public sector in the short term with long-term market discipline.

Iceland sets up swaps with Nordic CBs

In a move that is expected to do much to support the weak krona, the Central Bank of Iceland on Friday said that it had come to an agreement with Sweden, Norway and Denmark to swap its currency for euros.

Tensions could re-emerge: Riksbank deputy

Despite positive signs in recent weeks, it is still too early to assume that financial markets will return to normal without any further disruptions, Barbro Wickman-Parak, a deputy governor at the Riksbank, warned.

Cyprus and Malta join gold agreement

Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.

Three US economists scoop Nobel prize

Leonid Hurwicz, Eric Maskin and Roger Myerson are the winners of the 2007 Sveriges Riksbank Nobel Prize in Economic Sciences, the Royal Swedish Academy of Sciences said on Monday.

Cash costs more than cards in Sweden

Debit and credit card payments have a lower social cost than cash transactions for purchases of more than €8 and €18 respectively, research published by the Riksbank has found.

Riksbank's Ingves justifies openness

Stefan Ingves, the governor of the Riksbank, said on Monday that the central bank chose to adopt a transparent monetary policy framework in order to become a more democratic and efficient institution.

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