After a strong post-pandemic performance, economic activity has weakened. GDP contracted slightly in 2023. An unprecedented monetary policy tightening started in mid-2022 to rein in inflation, which has been declining after peaking at 10.8 percent in end-2022. Weak real incomes, elevated...

This paper highlights the technical note on Macroprudential Policy for the Sweden financial sector assessment program. The increase in market-based finance challenges macroprudential policy. Tools are not yet well developed for borrower-based measures beyond those applying to lending to...

This paper presents the technical note on risk analysis and stress testing for the Sweden financial sector assessment program. Sweden's financial system has weathered the coronavirus disease 2019 pandemic well. Tighter monetary conditions will test the financial system. High corporate advantage...

This paper discusses the technical note on Crisis Management and Resolution for the Sweden financial sector assessment program. The Swedish financial safety net and crisis management arrangements rest on sound foundations and have been strengthened further by legislative and policy reforms in...

The paper highlights a technical note on Basel Core Principles (BCP) for Effective Banking Supervision for the Sweden financial sector assessment program. The authorities have adopted a number of regulatory reforms to enhance the resilience of the Swedish financial system. The key changes to the...

This paper discusses the technical note on Supervision and Disclosure of Climate-Related Risks for the Sweden Financial Sector Assessment Program. Swedish banks are in general mainly exposed to the effects of climate change through loans that are collateralized by real estate properties and...

This technical note discusses Sweden's Oversight and Supervision of Financial Market Infrastructures and Selected Issues in Payment Systems. Digitalization of payments has been rising steadily in Sweden. In addition to the continuous digitalization of payments, Sweden is undergoing a major...

This technical assistance report discusses Cybersecurity Risk Supervision and Oversight in Sweden. Sweden's financial sector is highly digitized and interconnected, and the related technological developments heighten cyber threats and vulnerabilities. Sweden is well-served with agencies engaged...

This technical note looks at the systemic risks stemming from the potential issuance of Central Bank Digital Currency (CBDC) in Sweden, as well as the growing significance of the Fintech sector. The Riksbank has been one of the pioneers in the analysis of CBDC, has recognized risks, and has put...