Sweden moves to improve liquidity provision in resolution
Riksbank and debt office develop “joint approach” to clarify how lenders can source liquidity in crisis
Swedish lenders facing resolution may find it easier to source liquidity thanks to the co-ordinated efforts of the central bank and the national debt office.
The two institutions today issued a statement explaining that, should a bank fail and find itself unable to fulfil its liquidity needs on its own, it would be able to tap into Sveriges Riksbank’s special liquidity support facility. However, the lender would only be able to do so if it needed more than the combined total of the Skr61 billion
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