Published 26 October 2021 at 14.34
Economics. The six members of the Riksbank have bought shares and funds for SEK 30 million, which they have in several cases since benefited from their own crisis policy, writes SvD Näringsliv in a review.
Like the article p & aring ; Facebook
Two of the Riksbank's members of the Executive Board, Cecilia Skingsley and Anna Breman, have invested large sums of money on the stock exchange during the ongoing crisis, at the same time as they voted through massive stimuli. For Breman, it is a question of fund purchases for almost half a million kronor since the beginning of 2020.
According to SvD, the Governor of the Riksbank's equity portfolio includes several companies that have benefited from the Riksbank's controversial support purchases of corporate bonds, about which Fria Tider has written extensively. . The support purchases are based on the Riksbank lending money to large companies on much more favorable terms than those that apply to ordinary entrepreneurs, who are referred to the banking sector.
The purchase has been a pure contribution from the general public to the shareholders in the companies, including Ingves himself, and strengthened the large companies' position towards smaller competitors, who are not allowed to borrow in this way.
According to SvD, both Ingves and Cecilia Skingsley own shares in SCA and Essity, which sold bonds to the Riksbank. Ingves also holds holdings in other companies from which the Riksbank has supported bonds, such as the industrial companies Sandvik and Assa Abloy.
Before the corona crisis, Skingsley suddenly sold almost all of its funds, which had remained untouched for several years. According to SvD, she dumped funds for SEK 2 million, just a couple of weeks before the initial price collapse when the corona crisis hit.
Cecilia Skingsley and her Riksbank Executive Board then launched a historic rescue package to support the stock market, and Skingsley bought back the same funds for half a million kronor.
According to SvD, neither Ingves, Skingsley's or Breman's securities trading violates the Riksbank Act, even though Anna Breman is said to have violated the law by reporting changes in her holdings too late.