Sweden takes "precautionary" payments measure

The Riksbank has relaxed collateral rules for transactions through its RIX payments system as a precaution against money and bond market stress.

The central bank said Monday that it would raise the permitted share of covered bonds from institutions with close links to the counterparty from 25% to 75% of the counterparty's total collateral value.

Mattias Persson, the head of the central bank's financial stability department, told Central Bank News that the move was "to some extent" a reaction

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