Regulations for the financial markets
Like other authorities with responsibility for financial stability, the Riksbank is also engaged in issues dealing with the financial regulatory framework. This is an important part of preventive work, dealing with everything from institutional aspects of international organisations to the way in which individual institutions are regulated and managed in the event of a crisis.
Regulations should lead to greater benefits than costs
The Riksbank endeavours to formulate regulations to provide a greater economic benefit than cost. In practice, this sometimes entails a difficult balance between stability and efficiency, as regulations intended to promote financial stability can also lead to financial services becoming more expensive.
The Riksbank participates in international work on regulation
As the internationalisation of financial agents and markets increases, a growing amount of this standard-setting work takes place on an international level. Important international forums in which the Riksbank is active are:
The last of these includes the Basel Committee, which sets international standards for banks. Within the framework of the EU cooperation, the Riksbank participates in the EU's Economic and Financial Committee (EFC), which advises the ECOFIN Council and the European Commission on important economic policy and financial matters.
Each year, the Riksbank also makes statements on proposed Swedish laws and regulations that have been submitted for comment, and responds to a large number of submissions. On the EU level, the Riksbank also responds to consultations regarding proposed directives and other EU and ECB matters.
Responses to submissions and consultations are public and are published on the Riksbank's website. In addition, the Riksbank also exercises influence by drawing attention to important regulatory issues via speeches by members of the Executive Board, articles, and conferences, both at home and abroad.