Financial markets

The financial sector has a leading role in efforts to move towards a fossil-free society. This role and a new European Commission Action Plan were the subjects of the high-level conference on financing sustainable growth held in Brussels on 22 March, attended by Minister for Financial Markets and Consumer Affairs Per Bolund.

French Minister for Economy and Finance, Bruno Le Maire, and Swedish Minister for Financial Markets and Consumer Affairs, Per Bolund, commit to strengthen their collaboration to promote green and sustainable finance and to live up to the Paris Agreement.

Today the Government adopted guidelines for the management of the central government debt. The maturity of the debt is extended slightly, which reduces the risk at a low cost. The steering of the composition of the debt is left unchanged.

Berlin, 25 September 2017. Check against delivery.

Sweden’s system for combating money laundering and terrorist financing has been evaluated by the international organisation Financial Action Task Force (FATF).

The Ministry of Finance today submitted a proposal that would strengthen the financial independence of the Riksbank by setting down in law a targeted level for its capital. The proposal also contains rules on how the Riksbank is to be recapitalised and how dividends to the State may be paid. In addition, it clarifies that borrowing in advance for the foreign exchange reserve may only be done if there are exceptional grounds. This proposal is in line with the Committee on Finance’s report from June 2016 which had the support of all parties represented in the Riksdag.

The Ministry of Finance proposes that Finansinspektionen should be able to take additional measures to counteract financial imbalances on the credit market. A Ministry of Finance memorandum containing proposals for new legislation is being circulated today for comment.

The Finance Minister of Norway and Finland, the Minister for Business of Denmark and the Minister for Financial Markets and Consumer Affairs of Sweden sign Memorandum of Understanding in order to facilitate the cooperation regarding cross-border banking groups containing one or more significant branches.