Sweden

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.

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.

Sovereign wealth fund round-up

The creation of a much-mooted code of conduct for sovereign wealth funds edged closer this week after the European Commission submitted its ideas to the region's finance ministers for review in mid-March.

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.

Egypt to use SIA-SSB payments system

Egypt's central bank picked SIA-SSB, an Italian technology company, to develop its new large-value payments, the company announced at Sibos.

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.

Nyberg on monetary and financial stability

The interaction of monetary and financial stability is one of the most discussed issues in central banks and academia today, and is likely to remain high on the agenda for the foreseeable future, said Lars Nyberg, a deputy governor at Sweden's central…

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