Norway: Financial Sector Assessment Program - Financial System Stability Assessment

International Monetary Fund

No 2015/252, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings and recommendations of the Financial System Stability Assessment for Norway. Norway’s financial system coped well with the global financial crisis and has further increased buffers to deal with potential shocks, but significant financial imbalances have also built up since then. Stress tests suggest that under severe macroeconomic shocks, banks and life insurers could face important but manageable capital shortfalls. The authorities have taken significant measures to improve the oversight framework, but further strengthening is needed. The regulatory and supervisory framework is generally good, but some weaknesses need to be addressed.

Keywords: ISCR; CR; bank; Norway; price; financing; bank instrument; risk-weighted capital ratios; reporting requirements; funding profile; wholesale funding; lending operation; parent bank; interest rate; IMF staff estimate; Stress testing; Solvency; Insurance companies; Financial stability assessment; Commercial banks; Global (search for similar items in EconPapers)
Pages: 57
Date: 2015-09-09
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Citations: View citations in EconPapers (1)

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