One cannot rule out the possibility that we ourselves at some point 24 [35]  will need support in a corresponding manner, and I really hope that one will review the proposals in this aspect so that the Riksbank can continue to play the constructive role we have had for a long time. I also consider it to be of central importance that the Riksbank can cooperate in an efficient manner with the ECB and not be regarded as something of an odd bird in EU contexts. Another problem is how the new proposed act relates to EU legislation. The ECB has pointed this out in a critical comment on the work of the inquiry used as a base for the Government’s proposal. In particular the narrow definition of what is considered to be monetary policy, and which is thus covered by the Riksbank’s independence pursuant to the proposal, has aroused criticism from the ECB. The proposal therefore gives the impression of a general distancing from EU legislation. As IMF has provided criticism of the Committee’s proposal, one also gains the impression that the proposal is on the whole a distancing from international standards regarding central bank tasks. The Riksbank is a part of the European System of Central Banks, ESCB, and covered by EU legislation. As I see it, this cooperation will be made more difficult with a definition of monetary policy that differs from what applies to the other central banks in the EU, and even globally.
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