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On June 10, 2026, Sweden's Central Bank (Riksbank) encouraged banks and monetary policy counterparties to regularly test their operational capacity to borrow from Riksbank's lending facilities. Riksbank chief executive Erik Thedéen made this announcement during a panel discussion at the Stockholm International Banking Crisis Management Conference. Thedéen emphasised that monetary policy counterparties must ensure they have the operational capability and readiness to borrow from Riksbank. The Riksbank currently recommends that counterparties voluntarily conduct test transactions to verify their borrowing capacity. Banks may test their operational capability by borrowing any amount from Riksbank's lending facilities against approved collateral, including Riksbank certificates which can be used as security for loans from Riksbank's standing lending facility. The recommendation responds to declining liquidity in the Swedish banking system as Riksbank reduces its holdings of Swedish securities. This reduction places greater demands on banks' ability and willingness to lend to each other in the overnight money market and to borrow from Riksbank when necessary. Riksbank has already taken steps to increase banks' incentives to borrow, including reducing the interest rate on its supplementary liquidity facility and removing restrictions on the proportion of secured bonds that can be used as collateral for Riksbank loans. Thedéen indicated that Riksbank may introduce mandatory test transactions in the future and is considering additional measures, such as lowering the interest rate on its standing deposit facility, to strengthen incentives for banks to lend to each other in the overnight market. Monetary policy counterparties seeking information about test transactions may contact Riksbank by telephone at 08-696 69 70 or by email at info.motparter@riksbank.se.