{
  "title": "Norway: Financial Sector Assessment Program-Technical Note-Oversight and Supervision of Financial Market Infrastructure, and Selected Issues in the Payment System",
  "publication": "IMF Staff Country Reports, September 17, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-oversight-and-supervision-of-43267",
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  "summary": "This Technical Note reviews the oversight and supervisory framework for systemically important Financial Market Infrastructure (FMI) in Norway. Norway has a modern and stable FMI.",
  "publishDate": "2015-09-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and principal findings",
      "content": "- Reviews the oversight and supervisory framework for systemically important Financial Market Infrastructure (FMI) in Norway.\n- Norway has a modern and stable FMI.\n- Assessment results suggest an effective supervision and oversight framework supported by:\n  - a strong legal basis,\n  - adequate oversight resources,\n  - good domestic and foreign cooperation between authorities.\n- All Norwegian FMIs have completed assessments against the new international standards and are in the process of improving observance where needed."
    },
    {
      "heading": "Risks and supervisory considerations",
      "content": "- Authorities could consider strengthening their cooperation to address risks from outsourced critical infrastructures and tighter interdependencies across FMIs.\n- Authorities could also consider additional measures to strengthen the operational resiliency of payment systems."
    },
    {
      "heading": "Subject coverage and key topics",
      "content": "- Banking\n- Financial market infrastructure\n- Financial markets\n- Financial regulation and supervision\n- Financial sector policy and analysis\n- Financial stability assessment\n- Operational risk\n- Payment systems\n- PFM information systems\n- Public financial management (PFM)"
    },
    {
      "heading": "Keywords and technical terms preserved from the assessment",
      "content": "- assessment result\n- cooperation agreement\n- CR\n- Enhance Norges Bank-FSA cooperation agreement\n- Europe\n- Financial market infrastructure\n- Financial stability assessment\n- FMI policy\n- FSA oversight\n- ISCR\n- ITBET section\n- multiples FMIs\n- NBO operation\n- NBO oversight\n- Operational risk\n- payment system\n- Payment systems\n- PFM information systems\n- RAV Report\n- securities settlement system VPS\n- settlement system\n\n---\n\n Content in this bundle\n\n- cr15254 — IMF staff assessment\n  - cr15254 — IMF staff assessment (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15254 — IMF staff assessment (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-technical-note-oversight-and-supervision-of-43267"
    }
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    "Published: September 17, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513532752.002",
    "Reviews the oversight and supervisory framework for systemically important Financial Market Infrastructure (FMI) in Norway.",
    "Norway has a modern and stable FMI.",
    "Assessment results suggest an effective supervision and oversight framework supported by:",
    "All Norwegian FMIs have completed assessments against the new international standards and are in the process of improving observance where needed.",
    "Authorities could consider strengthening their cooperation to address risks from outsourced critical infrastructures and tighter interdependencies across FMIs.",
    "Authorities could also consider additional measures to strengthen the operational resiliency of payment systems.",
    "Banking",
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    "Public financial management (PFM)",
    "assessment result",
    "cooperation agreement",
    "CR",
    "Enhance Norges Bank-FSA cooperation agreement",
    "Europe",
    "Financial market infrastructure",
    "Financial stability assessment",
    "FMI policy",
    "FSA oversight",
    "ISCR",
    "ITBET section",
    "multiples FMIs",
    "NBO operation",
    "NBO oversight",
    "Operational risk",
    "payment system",
    "Payment systems",
    "PFM information systems",
    "RAV Report",
    "securities settlement system VPS",
    "settlement system",
    "**_cr15254 — IMF staff assessment**"
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