The Riksbank’s ongoing efficiency drive

In his ten years as a deputy governor and then governor at Sweden's Riksbank, Lars Heikensten has been a key force in leading the drive for efficiency. One single indicator is the fall in the number of the staff. From 1995 to today the number of people employed fell from around 1,200 to 420. The Riksbank has a target of 400 for 2006. Simple figures do not tell the whole story of course. Efficiency does not simply mean cutting staff back. The Riksbank has changed in appearance. It has increased t