Important to have sufficient foreign currency reserve rapidly available in a crisis
The Riksbank welcomes the fact that the question of financial independence is further being investigated by the Ministry of Finance, and supports several of the proposals in the draft referral to the Council on Legislation. But the Riksbank must have adequate buffers rapidly available in order to cope with a financial crisis. Sweden has a large and expanding cross-border banking sector with major commitments and funding in foreign currency. This poses significant risks to financial stability and ultimately to the national economy. Therefore, the Riksbank does not support the proposal to