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

International Monetary Fund

No 2015/257, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; FSA stress tests; FSA guideline; banking sector; leverage ratio; FSA reference model; wholesale funding; central bank; bank lending; financial crisis; monetary policy; foreign currency; Financial stability assessment; Countercyclical capital buffers; Macroprudential policy; Financial sector stability; Systemic risk; Global (search for similar items in EconPapers)
Pages: 53
Date: 2015-09-17
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