Norway: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy Framework

August 12, 2020

Preview Citation

Format: Chicago

Norway: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy Framework, (USA: International Monetary Fund, 2020) accessed September 19, 2024

Summary

While Norway’s institutional arrangement for macroprudential policy is uncommon, the authorities have shown strong willingness to act. The Ministry of Finance (MoF) is the sole macroprudential decision-maker in Norway, which is rare in international comparison. However, Norges Bank and the Finanstilsynet (FSA) play important advisory roles. In recent years, the authorities have taken substantive and wide-ranging macroprudential policy actions in response to growing systemic vulnerabilities—and these seem to have been effective in slowing down some of the riskier trends. The macroprudential policy toolkit is well stocked and actively used.

Subject: Banking, Countercyclical capital buffers, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial stability assessment, Macroprudential policy, Macroprudential policy instruments, Mortgages

Keywords: Central bank, Countercyclical capital buffers, CR, CRE company, CRE market, CRE risk, CRE sector, Financial sector stability, Financial stability assessment, Financial system, Foreign currency, FSA survey, Global, ISCR, Liquid asset, Macroprudential policy, Macroprudential policy instruments, Mortgage loan, Mortgages

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/265
Stock No:

1NOREA2020007
ISBN:

9781513553184
ISSN:

1934-7685

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