Background & Purpose

The BIS Innovation Hub Nordic Centre helps central banks keep up with rapid technological changes. Since the center works on projects relevant to the Riksbank, the bank needs parliamentary approval to contribute financially.

Proposals & Debate

The proposal allows the Riksbank to provide up to 30 million SEK annually for five years to support the center's work. The center focuses on projects like improving anti-money laundering tools and strengthening cybersecurity for financial systems.

The Decision

The Swedish Parliament approved the funding, allowing the Riksbank to start its financial contribution from June 1, 2026.

Does this affect you?

  • Financial sector professionals: They benefit from the development of more efficient tools for monitoring money laundering and cybersecurity.
  • The Riksbank: The bank gains the legal authority to invest in international collaborative projects that align with its own mission.

In Practice

  • The Riksbank will provide up to 30 million SEK per year to the center.
  • The funding will support research into new financial technologies.
  • The agreement covers a five-year period starting in 2026.
  • The center will continue its work on cybersecurity and anti-money laundering solutions.