High turnover in the payment system
The RIX system has a weekly turnover that corresponds to the entire Swedish annual gross domestic product, GDP.
Card transactions on the increase
Since the 1990s the number of transactions using cards has increased sixfold. Cards now account for 50 per cent of the total number of transactions. The use of cheques has gradually declined and is currently negligible.
One of the Riksbank's core functions is to promote a safe and efficient payment system. The payment system is important for all economic activities and is a central component of the financial system. For that reason the Riksbank regularly analyses the risks and threats to the stability of the Swedish financial system. The purpose of this analysis is to detect changes and vulnerabilities that could lead to a serious crisis. The major Swedish banks have particular significance in the analysis. The Riksbank's assessment of stability is published twice yearly in the Financial Stability Report.Read more
THE FINANCIAL STABILITY REPORT
The latest Financial Stability Report
The Riksbank assesment is that the financial stability is satisfactory but the risks have increased. The Swedish banks remain financially strong and their resilience to shocks is good. However, the contingent risks have increased. These risks have most tangibly increased in the international financial markets. Sweden has been affected by the financial turmoil but to a much lesser extent than many other countries.This is revealed in the report published on 3 June 2008.Read more 103 37 Stockholm Brunkebergstorg 11 Phone +46 8 787 00 00 Fax +46 8 21 05 31 Email firstname.lastname@example.org Press contact +46 8 787 02 00