{
  "title": "Norway: Financial Sector Assessment Program - Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, September 9, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263",
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  "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.",
  "publishDate": "2015-09-09",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary and Key Findings",
      "content": "- Norway’s financial system coped well with the global financial crisis and has further increased buffers to deal with potential shocks.\n- Significant financial imbalances have built up since the global financial crisis.\n- Stress tests suggest that under severe macroeconomic shocks, banks and life insurers could face important but manageable capital shortfalls.\n- The authorities have taken significant measures to improve the oversight framework, but further strengthening is needed.\n- The regulatory and supervisory framework is generally good, but some weaknesses need to be addressed."
    },
    {
      "heading": "Stress Testing and Resilience",
      "content": "- Under severe macroeconomic shocks, stress tests indicate:\n  - Banks could face important but manageable capital shortfalls.\n  - Life insurers could face important but manageable capital shortfalls."
    },
    {
      "heading": "Regulatory and Supervisory Framework",
      "content": "- Authorities have implemented significant measures to improve oversight.\n- Additional strengthening of the oversight framework is recommended to address remaining weaknesses.\n- Overall characterization: regulatory and supervisory framework is generally good, with some weaknesses to be addressed."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Financial stability assessment, Insurance companies, Solvency, Stress testing\n- 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\n\n---\n\n Content in this bundle\n\n- cr15252\n  - cr15252 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15252 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263"
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    "Published: September 9, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513522111.002",
    "Norway’s financial system coped well with the global financial crisis and has further increased buffers to deal with potential shocks.",
    "Significant financial imbalances have built up since the global financial crisis.",
    "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.",
    "Under severe macroeconomic shocks, stress tests indicate:",
    "Authorities have implemented significant measures to improve oversight.",
    "Additional strengthening of the oversight framework is recommended to address remaining weaknesses.",
    "Overall characterization: regulatory and supervisory framework is generally good, with some weaknesses 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",
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