IMF Staff Country Reports

Norway: Financial Sector Assessment Program - Financial System Stability Assessment

September 9, 2015

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Norway: Financial Sector Assessment Program - Financial System Stability Assessment, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Summary

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.

Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Financial stability assessment, Insurance companies, Solvency, Stress testing

Keywords: Bank, Bank instrument, Commercial banks, CR, Financial stability assessment, Financing, Funding profile, Global, IMF staff estimate, Insurance companies, Interest rate, ISCR, Lending operation, Norway, Parent bank, Price, Reporting requirements, Risk-weighted capital ratios, Solvency, Stress testing, Wholesale funding

Publication Details

  • Pages:

    57

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2015/252

  • Stock No:

    1NOREA2015003

  • ISBN:

    9781513522111

  • ISSN:

    1934-7685