Rules for the Riksbank’s financial asset management
As of 1 January 2006, the Riksbank has a new, coherent regulatory framework for the whole of its financial asset management.
The rules for the financial asset management decided by the Executive Board of the Riksbank are a framework that specifies the bases for the asset management, how different risks should be managed in an overall manner and also the overall investment regulations and limits.
The basis for the asset management is that it should be carried out in such a way that ensures the fulfilment of the Riksbank’s tasks of maintaining price stability and promoting a safe and efficient payment system. Given this, the Riksbank's asset management should aim to generate a good long-term return. This means that risk taking should not be too limited. However, risk taking should not be higher than would normally be encompassed within the part of the Riksbank’s capital available for this purpose.
Financial asset management covers
management of the gold and foreign currency reserve
monetary policy instruments
other foreign currency transactions
payment system credits within the RIX system
The rules provide a complement to the existing Rules and Regulations for RIX and monetary policy instruments, which mainly regulate the relationship between the Riksbank and its counterparties, with regard to monetary policy instruments and payment system credits.
The identification, assessment and limitation of operational risks is an important part of the rules.