Search Results for: Sweden
Sweden’s central bank prepares for cashless future with e-krona
October 30th, 2018
Sweden’s central bank is pushing ahead with plans to build a technical framework for the issuance of a new electronic currency, the e-krona. The Riksbank started a project in the spring of 2017 to examine the scope for the ...
Sweden’s competition watchdog opposes a proposed tax on financial services companies
February 6th, 2017
Sweden’s competition watchdog has come out against a proposed tax on financial services companies, saying it would hit their ability to compete internationally and skew the domestic market. The opinion, published on the watchdog’s website, was sent to the ...
Sweden could soon be the first country in the world to have its own digital currency
November 21st, 2016
Sweden’s central bank is looking into launching its own digital currency, it has revealed. If the e-krona is indeed launched, it would make the Riksbank the first major central bank in the world to have a digital currency. “The ...
Ericsson to cut 3,900 jobs in Sweden
October 4th, 2016
Ericsson (ERICb.ST) plans to cut around 3,900 jobs in Sweden, doing away with most of its manufacturing in the country as it grapples with a shrinking market for telecoms network equipment. The Swedish company, whose share price has fallen ...
Sweden heads to cashless society
August 18th, 2016
Sweden is becoming a cashless society due to high consumer awareness of e-payments and card usage levels, a new report reveals. Swedish consumers use cards with a frequency of 134.3 transactions per card per year – higher than the ...
Sweden’s Riksbank Deputy Governor: Too few homes are being built in Sweden
June 8th, 2016
“A better balance between supply and demand is needed on the Swedish property market.” These are the words of First Deputy Governor Kerstin af Jochnick, speaking on Thursday at property magazine Fastighetsvärlden’s seminar, Fastighetsdagen, in Stockholm. Af Jochnick points ...
The Financial Regulators of UK, Switzerland, Hong Kong, Malaysia, Ireland and Sweden warn for unauthorised investment services firms
May 11th, 2016
The Financial Conduct Authority (FCA) of UK, the Swiss Financial Market Supervisory Authority (FINMA), the Securities and Futures Commission (SFC) of Hong Kong, the Securities Commission (SC) of Malaysia, the Central Bank of Ireland and the Finansinspektionen of Sweden ...
The Cashless Society Cometh: European Nations Such As Sweden And Denmark Are ‘Eradicating Cash’
December 28th, 2015
Did you know that 95 percent of all retail sales in Sweden are cashless? And did you know that the government of Denmark has a stated goal of “eradicating cash” by the year 2030? All over the world, we ...
Sweden Consults On New Bank Tax
May 12th, 2015
The Swedish Cabinet, on May 7, endorsed plans for a study to be undertaken on the Government’s proposal for a new tax on the financial sector. Financial services, including banking, securities trading, and insurance services, are exempt from value-added ...
Sweden’s Hung Parliament Creates Investor Limbo: Nordic Credit
September 15th, 2014
Investors in Sweden’s bond and currency markets may be facing four years of political indecision that threatens to stall budget talks and add volatility to prices. “With this election result it becomes very uncertain,” said Carl Hammer, chief currency ...
