The financial infrastructure is safe and efficient
The financial infrastructure in Sweden functions well. It consists of safe and efficient systems. However, there is scope to further increase the safety and efficiency of the infrastructure. These are among the findings of the annual Financial Infrastructure Report for 2016, published today.
To increase safety and efficiency in the financial infrastructure, the following actions should be taken:
Both Euroclear Sweden and its participants must allocate sufficient resources to limit operational risks linked to the ongoing replacement of Euroclear Sweden's securities settlement system.
The European Commission should soon present a regulatory framework for the recovery and resolution of central counterparties. The lack of such a regulatory framework at present means that central counterparties may be declared bankrupt when they suffer problems, which could have negative consequences for financial stability.
The FMIs should work strategically at the management level and complement the existing frameworks for information security to respond to cyber threats.
In this report, the Riksbank presents its assessments of the safety and efficiency of the financial infrastructure in Sweden, and describes the bases for the Riksbank's oversight work, how this is carried out in practice, and the areas which the Riksbank will focus its oversight work on in 2016.
The report is published once a year. The Head of the Financial Stability Department is responsible for the contents of the report. This year's report takes into account data available until 31 March 2016.