Sweden

Financial market infrastructures (FMI) in Sweden are well developed, and subject to minimum regulatory requirements established in relevant international standards, the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI). Domestic critical FMIs include two payment systems (RIX, the Swedish RTGS payments system, and Bankgirot, a retail payments system); one CCP (Nasdaq Clearing); and one CSD and SSS (Euroclear Sweden). Several overseas-based FMIs are also important to financial stability in Sweden, including two CCPs (EuroCCP and LCH.Clearnet Ltd), CLS, a settlement system for foreign exchange transactions, and SWIFT, which provides network and message standards for financial transactions.