SWESTR Advisory Group

A constituent meeting was held in March 2021. Following this, the advisory group meet twice a year. Agenda and minutes will be published here, on the Riksbank’s website, in Swedish.

Purpose and responsibilities

The group’s purpose and responsibilities is regulated in a Terms of Reference. Among other things, the group is tasked with monitoring how the underlying market for SWESTR (which is to say the overnight market in SEK) is functioning and developing, assessing whether SWESTR is representative of the interest rate on the underlying market, and discussing the role played by SWESTR on the Swedish financial market. The group also has the task of reviewing and advising on the framework the Riksbank has established for the reference rate. 

Participants

Relevant market participants, both users of SWESTR and participants that are active on the underlying market for SWESTR, have been invited to participate in the group. The group’s membership will be reviewed annually. 

The Riksbank holds the position of chair and provides the secretariat for the advisory group. Officials from the Riksbank will also participate in the meetings and present their work on SWESTR.