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...

Correction: Old news item published in error

News 4 November 2019 About the Debt Office

On Monday afternoon 4 November, an old news item "Debt Office takes ownership of Saab Parts" was sent out in error. This news item was originally published at the end of 2012. The technical problem that caused the publication error has now been corrected.

We are now launching our new website

News 21 October 2019 About the Debt Office

Today, the Swedish National Debt Office is launching a new website to better meet the needs of our target audiences. The new riksgalden.se features increased accessibility, an improved structure and more modern design.

Sweden appoints structuring advisor for green bond

News 3 October 2019 Central Government Borrowing

The Swedish National Debt Office has appointed SEB as structuring advisor for its green bond, which will be issued in 2020. The proceeds from the issuance will be allocated to selected budget expenditures on sustainable investments and projects.

Debt Office comments on bonds with maturities of up to 100 years

News 27 August 2019 Central Government Borrowing

In light of the currently low interest rates, also on very long-term loans, the Swedish National Debt Office is evaluating whether there are grounds and conditions for issuing bonds with longer maturities, such as 100 years.

New statistics provide more nuanced picture of housing market

News 28 May 2019 About the Debt Office

A new Focus Report from the Swedish National Debt Office analyses price development in the Swedish housing market.

Debt Office adapts methodology to assess eligibility for simplified obligations in resolution planning

News 11 April 2019 Financial stability, Deposit Insurance

The Debt Office, as resolution authority, has adapted its methodology for determining whether institutions should be subject to simplified obligations in resolution planning.

Decision on MREL for Danske Hypotek AB

News 11 April 2019 Financial stability, Deposit Insurance

The Debt Office has made a decision on the minimum requirement for own funds and eligible liabilities (MREL) for Danske Bank’s Swedish subsidiary Danske Hypotek AB. The decision is part of the work conducted by Danske Bank’s resolution college, which is led by the Danish resolution authorities...

After decision from the Riksbank: Swedish National Debt Office reduces foreign currency borrowing

News 6 March 2019 Central Government Borrowing

Due to today’s decision by the Riksbank to reduce the size of the foreign currency reserve, the Riksbank has requested that the outstanding foreign currency loans maturing in 2019 will not be refinanced. Consequently, The Debt Office will not raise further loans on behalf of the Riksbank in 2019.

Swedish central government debt at lowest level in 40 years

News 21 February 2019 Central Government Borrowing, Government Debt

Today, the Swedish National Debt Office is submitting its basis for evaluation of central government debt management in 2018 to the Government. The year was characterised by a declining debt, continued low interest rates and a limited supply of government bonds. The Debt Office also took a position...

Sweden is better prepared for a banking crisis

News 5 February 2019 Financial stability, About the Debt Office, Deposit Insurance

Sweden is now better prepared for a financial crisis than it was ten years ago. This was emphasised by Swedish National Debt Office Director General Hans Lindblad when he spoke today at the Riksdag Committee on Finance’s open hearing on financial stability.

Do banks still benefit from an expectation of an implicit state guarantee?

News 22 January 2019 Financial stability, About the Debt Office, Deposit Insurance

A new report from Finansinspektionen and the Swedish National Debt Office shows that the value of an implicit state guarantee for the major Swedish banks has decreased since the financial crisis in 2008–2009. This decrease is due to higher capital and liquidity requirements on the banks, a new...

Statement regarding Nordic-Baltic financial crisis simulation

News 21 January 2019 Financial stability, Deposit Insurance

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European...

The importance of a prepared strategy for managing a bank in crisis

News 19 December 2018 Financial stability

The Swedish National Debt Office has reviewed plans for how every bank and other institutions in Sweden are to be managed in the event of a crisis. “Financial crises are among the most costly events a society can experience. Having a thoroughly prepared plan allows us to immediately begin...

Maturity steering of the central government debt is being merged

News 15 November 2018 Report – Evaluation of central government debt man, Central Government Borrowing

Today, the Government adopted the guidelines for the management of the central government debt in 2019. In accordance with the Debt Office’s proposal, the steering of the maturity of the krona debt is being merged.