Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy
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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.
Series:
Country Report No. 2015/257
Subject:
Banking Countercyclical capital buffers Financial regulation and supervision Financial sector policy and analysis Financial sector stability Financial stability assessment Macroprudential policy Systemic risk
English
Publication Date:
September 17, 2015
ISBN/ISSN:
9781513531014/1934-7685
Stock No:
1NOREA2015008
Pages:
53
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