IMF Staff Country Reports

Norway: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Payment Systems

June 14, 2005

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International Monetary Fund. Monetary and Capital Markets Department "Norway: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Payment Systems", IMF Staff Country Reports 2005, 200 (2005), accessed December 21, 2024, https://doi.org/10.5089/9781451829785.002

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Summary

This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term vulnerabilities appear low overall, given improved macroeconomic conditions and historically low interest rates, coupled with generally prudent and transparent policies. Beyond the short term, however, rising household debt levels are the most important potential risk factor and will need to be watched closely.

Subject: Banking, Financial crises, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Insurance, Insurance companies, Market risk

Keywords: Area bank, Bank, Banking book risk, Banking market, Banks' CAR, Counterparty risk survey, CR, Debt ratio, Financial sector stability, Financial system, Firm FX price, Global, Insurance, Insurance companies, ISCR, Liquid asset, Market, Market risk, Market risk, Moral hazard-type risk, Settlement bank, Settlement risk

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