Debt Office plans to comply with guidelines on improving resolvability

News 21 April 2022 Financial stability

The Swedish National Debt Office – Sweden’s resolution authority – has informed the European Banking Authority (EBA) that it intends to comply with the EBA’s guidelines for institutions and resolution authorities on improving banks’ resolvability.

Debt Office clarifies how EBA resolvability guidelines will be applied in resolution planning process

News 29 March 2022 Financial stability

On 13 January, the European Banking Authority (EBA) published guidelines on improving resolvability for institutions and resolution authorities. These guidelines take effect on 1 January 2024. The Swedish National Debt Office – which is Sweden’s resolution authority – has previously communicated...

Debt Office’s role within resolution grows

News 22 February 2022 Financial stability, About the Debt Office

The Government has decided on a referral to the Council on Legislation proposing that the Swedish National Debt Office be made the resolution authority for central counterparties as well. Central counterparties have become increasingly important actors in the financial system with greater...

Stronger central government finances and lower government debt in 2021

News 18 February 2022 Report – Evaluation of central government debt man, Central Government Borrowing, Government Debt

The Swedish National Debt Office today submitted its basis for evaluation of debt management in 2021 to the Government. The year was dominated by an unexpectedly quick economic recovery, which contributed to a surplus in central government finances, lower borrowing requirement and a lower...

The EBA publishes resolvability guidelines

News 14 January 2022 Financial stability

The European Banking Authority (EBA) has, on 13 January, published guidelines on resolvability. The guidelines introduce an EU-wide minimum standard for resolvability within a number of areas, and are chiefly addressed to systemically important banks. The guidelines aim to improve the resolvability...

IMF to assess financial stability in Sweden

News 19 November 2021 Financial stability

The International Monetary Fund (IMF) will conduct a review of the financial sector and the work of the authorities on financial stability, a so-called FSAP (Financial Sector Assessment Program) in 2022.

NatWest Markets terminates primary dealer agreement for Swedish government bonds

News 8 November 2021 Central Government Borrowing

NatWest Markets N.V. has informed the Swedish National Debt Office that its primary dealer agreement in Swedish Government Bonds will be terminated as of from 8 November 2021.

Debt management guidelines are unchanged – the Debt Office is given preconditions for additional green bond issuance

News 4 November 2021 Central Government Borrowing, Government Debt

The Swedish Government has decided on guidelines for managing the central government debt. The Government intends to make a decision in the beginning of 2022 that will give the Swedish National Debt Office the possibility of issuing additional government green bonds.

Information about permission to repurchase eligible liabilities

News 6 July 2021 Financial stability

In accordance with the Capital Requirements Regulation, a bank or institution must apply for permission from the Swedish National Debt Office in order to call, redeem, repay, or repurchase eligible liabilities.

Swedish insolvency ranking

News 29 June 2021 Financial stability

The Debt office has compiled information on the ranking of items in Swedish insolvency proceedings.

Debt Office Commentary: More efficient management of Swedish government agencies’ international payments

News 28 June 2021 About the Debt Office, Guarantees and Lending

Swedish government agencies’ liquidity management in foreign currency is continually improving. Since 2017, the Swedish National Debt Office has offered a multi-currency cash pool (MCCP) solution. This, in combination with better pricing under the central government framework agreements for...

The compliance of banks with MREL requirements – Q4 2020

News 2 March 2021 Financial stability

At the end of the fourth quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Increased government debt in 2020 amid pandemic

News 19 February 2021 Central Government Borrowing, Government Debt

The Swedish National Debt Office today submitted its basis for evaluation of debt management in 2020 to the Government. The year was dominated by the pandemic, which led to a large budget deficit and a rapid increase in central government borrowing. The Debt Office also issued a green bond for the...

Clarification regarding referral to Council on Legislation about changes to regulations for managing financial firms in crisis

News 18 February 2021 Financial stability

On 11 February 2021, the Swedish Government decided on a proposal referred to the Council on Legislation for consideration, concerning revisions to the regulations for managing financial firms in crisis. The Swedish National Debt Office is hereby making some clarifications in regard to what the...

The compliance of banks with MREL requirements – Q3 2020

News 30 November 2020 Financial stability

At the end of the third quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Debt Office receives mandate to make preparations for issuing green state credit guarantees

News 24 November 2020 Guarantees and Lending

In conjunction with its presentation of the Budget Bill for 2021, the Swedish Government proposed state credit guarantees for green investments. The state guarantees are intended to enable more large-scale industrial investment projects in Sweden that contribute to achieving the goals of the...

Planned website maintenance

News 20 November 2020 About the Debt Office, Press and media

Saturday 21 November at 9 a.m. to 3 p.m., we will perform technical maintenance on the Debt Office's website. During that time the website will not be available. We apologise for any inconvenience this may cause.

Unchanged guidelines for government debt management

News 12 November 2020 Central Government Borrowing, Government Debt

Today the Government adopted guidelines for the management of the central government debt. No changes are made in the guidelines decision for 2021 compared with the preceding year.

State credit guarantee to SAS AB now terminated

News 30 October 2020 Guarantees and Lending, Covid-19

SAS AB has repaid and terminated the loan that was guaranteed by the Swedish National Debt Office under the guarantee programme for airlines affected financially by the coronavirus pandemic. The SEK 1.5 billion credit guarantee issued by the Debt Office has thereby been terminated as of 29 October...

The compliance of banks with MREL requirements – Q2 2020

News 27 August 2020 Financial stability

At the end of the second quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Sweden presents sovereign green bond ahead of issuance

News 24 August 2020 Central Government Borrowing

The Swedish National Debt Office is publishing the investor presentation of its sovereign green bond today ahead of the upcoming issue of approximately SEK 20 billion. The proceeds from the green bond will be linked to expenditures that contribute to achieving Sweden’s environmental and climate...

The Debt Office's support measures to mitigate the economic impact of the coronavirus

News 18 August 2020 Guarantees and Lending, Covid-19

To mitigate the economic impact of the COVID-19 pandemic, the Swedish National Debt Office has been mandated to provide state credit guarantees within two guarantee schemes: the Government guarantee programme for companies, under which SEK 2.1 billion had been lent up to 31 July in 539 loans, and...

The compliance of banks with MREL requirements – Q1 2020

News 28 May 2020 Financial stability

At the end of the first quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Debt Office extends phase-in for subordination of liabilities to support credit supply

News 7 April 2020 Financial stability, Covid-19

The Swedish National Debt Office has decided, effective immediately, to extend the phase-in period for the banks to meet MREL with own funds and subordinated liabilities to 2024 (from 2022). The measure is being taken to facilitate the banks’ ability to support the credit supply to businesses and...

The Debt Office’s report on how banks are complying with MREL requirements – Q4 2019

News 5 March 2020 Financial stability

As of the end of the fourth quarter 2019, all banks complied with the requirements for own funds and eligible liabilities (MREL requirements) set by the Debt Office.

Central government debt continued to decline in 2019

News 21 February 2020 Central Government Borrowing, Government Debt

Today, the Swedish National Debt Office is submitting its basis for evaluation of debt management in 2019 to the Government. The year was characterised by a continued decline in the debt, still lower interest rates, strained liquidity in the government bond market and an increased focus on...

New Board of Directors for the Swedish National Debt Office

News 19 December 2019 About the Debt Office

The Government has appointed three new members of the Board of Directors of the Swedish National Debt Office starting in January. Three current Board members will leave the Board when their appointments are completed.

Debt Office leaves foreign currency exposure unchanged

News 3 December 2019 Central Government Borrowing, Government Debt

The Swedish National Debt Office, in accordance with the current guidelines for central government debt management, will stop buying foreign currency for the purposes of reducing the currency exposure of the debt.

The Debt Office publishes information on how banks are meeting requirements

News 29 November 2019 Financial stability

For the first time, the Swedish National Debt Office is publishing a report on how Swedish banks comply with their requirements for own funds and eligible liabilities (MREL). These liabilities can be written down or converted into equity if the Debt Office manages a bank in crisis through...

Foreign currency exposure of the central government debt remains unchanged

News 14 November 2019 Central Government Borrowing, Government Debt

The Swedish Government issued a decision today on the guidelines for central government debt management. In accordance with the Swedish National Debt Office’s proposal, the foreign currency exposure of the debt is to be left unchanged and the term to maturity steered towards a combined target for...