The General Council of the Riksbank

The General Council shall also monitor the activities of the Riksbank. One way of monitoring is via the Council Chair and Vice-Chair having the right to attend Executive Board meetings, although they are not allowed to submit proposals or take decisions in order not to jeopardise the Riksbank’s independence. The General Council also has an audit unit that examines how the Executive Board members perform their duties. The work is carried out by a chartered accountant. The General Council shall regularly report its observations to the Riksdag Committee on Finance and inform the Committee of matters of major significance. 

The General Council may present opinions within its field of competence on issues officially referred to the Riksbank for consideration. In consultation with the Executive Board, the General Council may, within its remit, present proposals to the Riksdag and the Government for statutory amendments or other measures. The General Council meets about ten times a year.

For information about the dates of General Council meetings, see the Calendar on the Riksbank’s website. The meetings are not public. Agendas and minutes of the meetings are published on the Riksbank’s website.

Members of the General Council

The General Council consists of eleven members and as many deputies. Its members are appointed by the Riksdag (Parliament) and have a term of office corresponding to the general election period. The General Council selects a Chairperson and Vice Chairperson from among its numbers.