Issues important to the Riksbank

The G10 is a very important platform for the Riksbank in its international work. It provides opportunities for co-operation with the largest operators in the global economy. The extensive cooperation within the BIS is particularly valuable, for instance, in being able to influence the creation of financial standards.

 

Developing forms for preventing and managing financial crises

As lender in an international perspective, the G10 has a special interest in ensuring that there are functioning means of preventing – and if necessary managing – financial crises. The G10 Deputies have played an active role in this work, for instance, by developing Collective Action Clauses to facilitate renegotiation of the terms of sovereign bond contracts. Other instruments in this field are also being discussed regularly within the G10 for the purpose of creating a balance between measures taken in the debtor countries themselves, assistance from private creditors and public efforts.

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LAST UPDATED 12/9/2005 
 Content expert Picture on a letter General Secretariat