Norway: Financial Sector Assessment Program-Technical Note-Linkages and Interconnectedness in the Norwegian Financial System

September 17, 2015

Preview Citation

Format: Chicago

Norway: Financial Sector Assessment Program-Technical Note-Linkages and Interconnectedness in the Norwegian Financial System, (USA: International Monetary Fund, 2015) accessed September 20, 2024

Summary

This Technical Note reviews linkages and interconnectedness in the Norwegian financial system for Norway. Norway’s banks have important connections with global financial centers, but regional links are also important. Norwegian banks are very dependent on global financial centers as sources of funding and to hedge currency risks. Cross-sectoral exposures of Norway’s banks, insurance companies, and real estate companies are significant and extend beyond the Nordic region. The authorities are encouraged to expand their current monitoring efforts of crossborder and cross-sectoral exposures of the Norwegian financial sector, and to conduct regional stress tests. For this effect, the authorities can resort to market data and, if available, to balance sheet data of exposures at the individual financial institution level.

Subject: Banking, Commercial banks, Covered bonds, Credit, Financial institutions, Financial sector policy and analysis, Money, Spillovers, Stocks

Keywords: Bank, Bank level, Bank stress, Banks probability, Commercial banks, Covered bond, Covered bonds, CR, Credit, Crossborder bank claim, Funding model, Funding structure, Global, ISCR, Market, Market data, Norway's bank, Spillovers, Stock index, Stocks

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/256
Stock No:

1NOREA2015007
ISBN:

9781513571737
ISSN:

1934-7685

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