Background & Purpose

Serious disruptions in the financial system, such as cyberattacks or system failures, can paralyze society. There is a need for better coordination between authorities and private companies to handle these risks effectively.

The Decision

The parliament decided to establish a new operational crisis management function led by the Riksbank, which will coordinate efforts between authorities and financial companies during major crises.

Does this affect you?

  • Financial companies: These companies must now participate in the new crisis management function and share information with authorities during serious operational disruptions.
  • Public authorities: Agencies like the Riksbank and Finansinspektionen get a formal structure to coordinate their actions and share data to maintain financial stability.

In Practice

  • The Riksbank will lead a new collaborative group including Finansinspektionen, Riksgäldskontoret, and key financial companies.
  • Participating organizations will be required to share information quickly during emergencies.
  • The Riksbank is now legally obligated to cooperate with other authorities regarding crisis preparedness in both peacetime and during heightened states of alert.
  • The system is designed to keep essential financial services running during events like massive power outages or digital attacks.