## Norway: Financial Sector Assessment Program-Technical Note-Oversight and Supervision of Financial Market Infrastructure, and Selected Issues in the Payment System

_IMF Staff Country Reports, September 17, 2015_

## Source details

**Canonical URL:** [Norway: Financial Sector Assessment Program-Technical Note-Oversight and Supervision of Financial Market Infrastructure, and Selected Issues in the Payment System](https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-oversight-and-supervision-of-43267)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-oversight-and-supervision-of-43267/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-oversight-and-supervision-of-43267/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/norway-financial-sector-assessment-program-technical-note-oversight-and-supervision-of-43267/bundle-manifest.json)

## Bibliographic details
- Published: September 17, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513532752.002

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### Overview and principal findings
- 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:
  - a strong legal basis,
  - adequate oversight resources,
  - good domestic and foreign cooperation between authorities.
- All Norwegian FMIs have completed assessments against the new international standards and are in the process of improving observance where needed.

### Risks and supervisory considerations
- 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.

### Subject coverage and key topics
- Banking
- Financial market infrastructure
- Financial markets
- Financial regulation and supervision
- Financial sector policy and analysis
- Financial stability assessment
- Operational risk
- Payment systems
- PFM information systems
- Public financial management (PFM)

### Keywords and technical terms preserved from the assessment
- 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

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## Content in this bundle

- **_cr15254 — IMF staff assessment**
  - [_cr15254 — IMF staff assessment (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15254.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr15254 — IMF staff assessment (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15254.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-oversight-and-supervision-of-43267_