Events listed in [Riksbank] Central Bank of Sweden
Swedish equity funds far from Paris Agreement target
ID 22795
The Central Bank of Sweden, Riksbank, has published a staff memo entitled Taking their temperature: Swedish mutual funds and the Paris Agreement. The memo contains an analysis of 122 Swedish mutual funds‘ exposure to transition risk based on an assessment of their proprietary portfolio data and on forward-looking data provided by Carbon4Finance Carbon Impact Analytics (CIA) Platform. Additionally, the analysis looks at how the ...
How can the public access digital central bank money?
ID 22668
In view of the development and possible introduction of an e-Krona, a central bank digital currency (CBDC) reflecting the Swedish currency Krona, the Central Bank of Sweden, Riksbank, has published another report. The report is the fifth of its kind and summarizes the activities that have taken place in Phase 3 of Riksbank corresponding pilot project. While Phase 1 and 2 focused on establishing ...
SWESTR will be published earlier in the day
ID 22611
Following a corresponding consultation in February this year (please see EventID 19816 in this context), the Central Bank of Sweden, Riksbank, has made a final decision as regards its proposed modification to the publication time of the SWESTR, the Swedish krona Short Term Rate, the proposed additional publication of daily rate variances, and proposed modifications to the content of the quarterly report issued by ...
Minutes from the Financial Stability Council extraordinary meeting on 21 March 2023
ID 22405
In view of the latest failures of some U.S. banks and the troubles of the Swiss bank Credit Suisse, the Financial Stability Council (FSC) consisting of representatives of the Ministry of Finance, the Swedish Central Bank, the Swedish Financial Supervisory Authority, and the Swedish National Debt Office held an extraordinary meeting on March 21, 2023. The minutes of the meeting were now published and ...
The Riksbank on banking concerns in the USA
ID 22295
On March 15, 2023, the Central Bank of Sweden, Riksbank, published a press statement in view of the recent bank failures of the two U.S. banks Silicon Valley Bank and Signature Bank and potential spill-over effects upon the Swedish banking system. In its statement, Riksbank notes that the exposures of Swedish financial institutions to named banks are very limited. Additionally, Swedish banks are subject ...
Project Icebreaker proposes a new architecture for cross-border retail CBDCs
ID 22154
The Central Bank of Sweden, Riksbank, recently published a press statement to inform of the conclusion of its project Icebreaker, The project is / was a joint cooperation between the Bank for International Settlements (BIS) and the central banks of Israel, Norway, and Sweden to analyze the „potential benefits and challenges of using retail central bank digital currencies (rCBDC) in international payments“. In a ...
Consultation on SWESTR
ID 21905
The Central Bank of Sweden, Riksbank has launched a consultation as regards proposed modification to the publication time of the SWESTR, the Swedish krona Short Term Rate, the proposed additional publication of daily rate variances, and proposed modifications to the content of the quarterly report issued by Riksbank on the SWESTR. The Swedish krona Short Term Rate is an overnight index rate „based on ...
Banks can improve the way they measure liquidity risks
ID 21853
The Central Bank of Sweden, Riksbank, has published an Economic Commentary addressed at financial institutions regarding liquidity risk management. The Commentary outlines the shortcomings of the most commonly used tool by banks to monitor liquidity risk in the short term, namely the Liquidity Coverage Ratio or LCR, and presents an alternative metrics that financial institutions may use to better monitor and align intra-period cash ...
Shortage of liquidity creates difficult situations for pension managers
ID 21626
The Central Bank of Sweden, Riksbank, has published a staff memo entitled The liquidity crisis in UK pension funds from a Swedish perspective. The memo contains an analysis of the recent turmoil in the UK gilt market caused by a government announcement to drastically reduce taxes and increase debt levels to spur economic recovery and the impact of such upon UK guilt yields and ...
Climate-related risks need to be identified and managed
ID 21584
The Swedish Central Bank, Riksbank, has published its new Climate Report 2023 which basically includes three key elements: 1. a description of why climate change risks matter and who is affected by climate change risks. In this context, Riksbank also urges all financial market participants to take adequate measures to identify, monitor, and mitigate climate change risks – before they become major threats not ...