Payments in Sweden 2020

Payments in crisis situations and under heightened alert

Sector responsibility for the financial sector

Published: 29 October 2020

At present, the financial sector does not have a designated public authority in charge of leading the financial sector's planning for total defence or for coordinating operations in a critical situation. However, the Civil Defence Inquiry has the task of dividing central government authorities into sectors and proposing sector-specific authorities. The inquiry is to present its proposals on 1 March 2021.

The Riksbank considers that the Civil Defence Inquiry needs to take the proposed new Sveriges Riksbank Act into account. This is important to ensure that there is a functioning and comprehensive structure for the financial sector's work on preparations for future crisis situations, heightened alert and leadership in a critical situation. If the two inquiries present separate proposals without a holistic perspective, the allocation of responsibility within the financial sector will be unclear.