Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy

September 17, 2015

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Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy, (USA: International Monetary Fund, 2015) accessed December 22, 2024

Summary

This Technical Note reviews macroprudential policy in Norway. The authorities have taken or announced a wide range of macroprudential measures to address systemic risk. Since the 2008 global financial crisis, the authorities have deployed a range of measures to safeguard the financial system in the country. These measures include higher capital requirements, including early adoption and implementation of the European Union capital regulations, additional capital buffers, etc. These macroprudential measures have focused primarily on building the resilience of banks through higher capital requirements. Good progress has been made on reciprocity agreements to ensure that domestic macroprudential policy measures apply to all banking activities with Norwegian customers.

Subject: Banking, Countercyclical capital buffers, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial stability assessment, Macroprudential policy, Systemic risk

Keywords: Bank lending, Banking sector, Central bank, Countercyclical capital buffers, CR, Financial crisis, Financial sector stability, Financial stability assessment, Foreign currency, FSA guideline, FSA reference model, FSA stress tests, Global, ISCR, Leverage ratio, Macroprudential policy, Monetary policy, Systemic risk, Wholesale funding

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/257
Stock No:

1NOREA2015008
ISBN:

9781513531014
ISSN:

1934-7685

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