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

Publication Date:

June 14, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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. 2005/200

Subject:

Banking Financial crises Financial institutions Financial regulation and supervision Financial sector policy and analysis Financial sector stability Insurance Insurance companies Market risk