The banks’ resilience is good
The major Swedish banks are currently financially strong and have good access to funding. However, the debt crisis in the euro area constitutes the largest risk to financial stability in Sweden. The major banks have good resilience to weaker economic developments in the short term, but there are several structural weaknesses in the Swedish banking system that may have a negative impact on financial stability in the longer term. The Riksbank therefore recommends the major banks to ensure that they have adequate capital and liquidity. The Riksbank also recommends reforms of the benchmark rate