## Norway: Financial Sector Assessment Program - Financial System Stability Assessment

_IMF Staff Country Reports, September 9, 2015_

## Source details

**Canonical URL:** [Norway: Financial Sector Assessment Program - Financial System Stability Assessment](https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263/bundle-manifest.json)

## Bibliographic details
- Published: September 9, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513522111.002

---

### Summary and Key Findings
- 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.

### Stress Testing and Resilience
- Under severe macroeconomic shocks, stress tests indicate:
  - Banks could face important but manageable capital shortfalls.
  - Life insurers could face important but manageable capital shortfalls.

### Regulatory and Supervisory Framework
- 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 Areas and Keywords
- 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

---

## Content in this bundle

- **_cr15252**
  - [_cr15252 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15252.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr15252 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15252.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-financial-system-stability-assessment-43263_