## Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy

_IMF Staff Country Reports, September 17, 2015_

## Source details

**Canonical URL:** [Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy](https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-macroprudential-policy-43270)

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## Bibliographic details
- Published: September 17, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513531014.002

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### Executive summary and key findings
- The Technical Note reviews macroprudential policy in Norway.
- The authorities have taken or announced a wide range of macroprudential measures to address systemic risk.
- Since the 2008 global financial crisis, the authorities have deployed a range of measures to safeguard the financial system in the country.
- Measures include higher capital requirements, including early adoption and implementation of the European Union capital regulations, additional capital buffers, etc.
- Macroprudential measures have focused primarily on building the resilience of banks through higher capital requirements.
- Good progress has been made on reciprocity agreements to ensure that domestic macroprudential policy measures apply to all banking activities with Norwegian customers.

### Themes and policy actions
- Capital requirements
  - Early adoption and implementation of the European Union capital regulations.
  - Additional capital buffers have been introduced to strengthen bank resilience.
- Systemic-risk focus
  - Measures designed primarily to build the resilience of banks.
  - Policy tools aimed at addressing systemic risk across the financial sector.
- Reciprocity and cross-border application
  - Progress on reciprocity agreements to ensure domestic macroprudential measures apply to all banking activities with Norwegian customers.

### Scope and subject areas covered
- Subjects: Banking; Countercyclical capital buffers; Financial regulation and supervision; Financial sector policy and analysis; Financial sector stability; Financial stability assessment; Macroprudential policy; Systemic risk.
- Keywords: bank lending; banking sector; central bank; Countercyclical capital buffers; CR; financial crisis; Financial sector stability; Financial stability assessment; foreign currency; FSA guideline; FSA reference model; FSA stress tests; Global; ISCR; leverage ratio; Macroprudential policy; monetary policy; Systemic risk; wholesale funding.

*International Monetary Fund. Monetary and Capital Markets Department "Norway: Financial Sector Assessment Program-Technical Note- Macroprudential Policy", IMF Staff Country Reports 2015, 257 (2015), accessed 9/22/2026, https://doi.org/10.5089/9781513531014.002*

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## Content in this bundle

- **_cr15257 - Executive Summary and Recommendations**
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  - [_cr15257 - Executive Summary and Recommendations (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15257.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-macroprudential-policy-43270_