IMF Staff Country Reports

Norway : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Payment Systems

Author/Editor:

International Monetary Fund

Publication Date:

June 14, 2005

Electronic Access:

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Summary:

This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term vulnerabilities appear low overall, given improved macroeconomic conditions and historically low interest rates, coupled with generally prudent and transparent policies. Beyond the short term, however, rising household debt levels are the most important potential risk factor and will need to be watched closely.

Series:

Country Report No. 05/200

Subject:

Bank supervision Financial system stability assessment Insurance regulations Norway Payment systems Standards and codes