Finansinspektionen and the Riksbank have jointly assessed Bankgirocentralen BGC AB's operations during 2010. In Sweden, Bankgirocentralen BGC AB (BGC), is the main intermediary of retail payments between payment service providers.
Finansinspektionen and the Riksbank have assessed BGC's payment system for compliance with the Bank for International Settlements' Core Principles for Systemically Important Payment Systems (CPSIPS).
The assessment of Finansinspektionen and the Riksbank is that BGC's payment system fully complies with all the principles, except for Core Principle V and VII which are broadly observed.
Due to the fact that the changes that will take place in conjunction with the outsourcing of large portions of BGC's operations to VocaLink has not been completed, Finansinspektionen and the Riksbank have decided not to assess BGC in accordance with Core Principles VIII in the assessment for 2010.