1. Financial Stability Report 2011:2

2. Banks are resilient

3. …but there is considerable uncertainty

4. Financial market unrest Interest on ten-year government bondsSource: Reuters EcoWin

5. Household and company borrowing is slowing down Source: The Riksbank

6. Limited loan losses Sources: Bank reports and the RiksbankThe major Swedish banks, totalled over four quarters, SEK billions, fixed prices, September 2011

7. The banks are well-capitalised compared to other countries Core Tier 1 capital ratios in accordance with Basel IISources: Bank reports and the Riksbank

8. The banks can manage significantly weaker development Sources: Bank reports and the Riksbank CET 1 capital ratios according to Basel III initially and in stress test

9. The banks’ liquidity risks Sources: Liquidatum and the RiksbankSurvival period, number of days, assuming that the banks experience stressed deposit outflows and fail to refinance half of the market funding that falls due during a 3-month period.

10. The Riksbank’s recommendations The major Swedish banks should maintain or continue to increase their current CET 1 capital ratios The major Swedish banks should continue to reduce their funding and liquidity risks The major Swedish banks should continue to improve their public liquidity reporting

11. Higher capital adequacy requirements than the Basel III minimum At least 10 per cent from 1 January 2013 At least 12 per cent from 1 January 2015 According to Basel III, 7 per cent gradually during 2013 - 2019 Capital adequacy requirements specified excluding countercyclical buffer

12. Short-term liquidity measure should be introduced earlier Start dates according to the Basel Committee’s proposals and the Riksbank’s recommendations Source: The Riksbank

13. Liquidity reporting needs improvement The table is based only on information in the banks’ interim reports.Sources: Bank reports and the Riksbank

14. Banks are resilient

15. EXTRA SLIDES

16. The major Swedish banks´ foreign operations The banks’ balance sheets in relation to GDP The data refers to December 2010Sources: The ECB, the Swiss National Bank and the Riksbank

17. Capital adequacy requirements for the major Swedish banks

18. Basel minimum 4.5% Ring-fence buffer 3% CCB 2.5% Basel minimum 4.5% SIB surcharge 5% CCB 2.5% 9.5% 12.0% United KingdomSweden Basel minimum 4.5% TBTF buffer 3% CCB 2.5% Switzerland Basel minimum 4.5% Buffer 3% CCB 2.5% Austria Basel minimum 4.5% CCB 2.5% Basel III minimum Other capital 3.5% Other capital 3.5 % Other capital 3.5% Bail-in bonds 3.5% Other capital 3.5% Low-trigger CoCos 6% 4.5% 10.0% 4.5% 7.0% 4.5% 10.0% High-trigger CoCos 3% The data refers to December 2010. Not incl. countercyclical cap. buffers. CCB (Capital Conservation Buffer) Sources: Basel Committee on Banking Supervision, Swiss FMSA, Sveriges Riksbank, Oesterreichische Nationalbank, Independent Commission on Banking Capital adequacy requirements in different countries