Sweden’s Big Banks Join Government Drive to Tackle Hybrid Threat
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000“Sweden is in its most serious security-policy situation since the Second World War,” Financial Markets Minister Niklas Wykman said.Sweden’s biggest commercial banks are among 13 financial companies taking part in a new government-run initiative to better protect the country from threats of hybrid warfare such as cyberattacks.Under the proposals, SEB AB, Svenska Handelsbanken AB and Swedbank AB will help form a crisis-management unit alongside the country’s central bank, financial supervisory authority and national debt office, a spokesperson for the Riksbank said in emailed comments. The Swedish subsidiaries of Danske Bank A/S and Nordea Bank Abp are also part of the plan.