Sweden: Technical Assistance Report-Proposed Amendments to the Riksbank Act
IMF Staff Country Reports, August 5, 2020
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- Canonical URL
- Sweden: Technical Assistance Report-Proposed Amendments to the Riksbank Act
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Bibliographic details
- Published: August 5, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513552224.002
Background and scope
- At the request of the central bank of Sweden (the Riksbank), the Monetary and Capital Markets Department (MCM) provided technical assistance (TA) on central bank operations by means of a desk review of the proposed amendments suggested by the independent committee to the Swedish Riksbank Act.
- Period covered by the desk review: February 2019 and June 2020.
- Purpose: to provide advice to the Riksbank on key issues relating to central bank operations, with a particular focus on the central bank’s governance, independence, instruments, and internal organization.
- Caveats:
- The review findings, comments, and recommendations in this report are not representative of views of the IMF or of its Executive Board.
- The comments are intended for the purpose of contributing to the public discussion in Sweden in the context of the draft Riksbank Act.
- The comments are not intended to be complete, nor represent a detailed legal review of the Act.
- The comments reflect selected key issues from a central bank operations’ perspective.
Contributors and inputs
- Desk review led by: Mr. Ashraf Khan.
- Conducted jointly with: Mr. Asad Qureshi, Mr. Romain Veyrune, and Mr. Rudy Wytenburg.
- Additional input provided by: Ms. Ioana Luca of the IMF’s Legal Department and colleagues from the IMF’s European Department, Sweden Team.
Key focus areas emphasized in the review
- Central bank governance.
- Central bank independence.
- Central bank instruments.
- Internal organization of the Riksbank.
Subjects and keywords (as listed)
- Subjects: Banking, External audit, Financial sector policy and analysis, Financial sector stability, Financial statements, Internal audit, Price stabilization, Prices, Public financial management (PFM)
- Keywords: Baltics, central bank instrument, central bank securities, CR, emergency loan, External audit, Financial sector stability, Financial statements, Internal audit, internal audit function, ISCR, policies transparency code, Price stabilization, revaluation risk, risk exposure, transparency arrangement
International Monetary Fund. Monetary and Capital Markets Department "Sweden: Technical Assistance Report-Proposed Amendments to the Riksbank Act", IMF Staff Country Reports 2020, 239 (2020).