## Norway: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy Framework

_IMF Staff Country Reports, August 12, 2020_

## Source details

**Canonical URL:** [Norway: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy Framework](https://www.imf.org/en/publications/cr/issues/2020/08/07/norway-financial-sector-assessment-program-technical-note-systemic-risk-oversight-and-49676)

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## Bibliographic details
- Published: August 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513553184.002

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### Institutional arrangement for macroprudential policy
- The Ministry of Finance (MoF) is the sole macroprudential decision-maker in Norway.
- Norges Bank and the Finanstilsynet (FSA) play important advisory roles.
- The arrangement is described as uncommon in international comparison.

### Authorities' actions and macroprudential toolkit
- In recent years, the authorities have taken substantive and wide-ranging macroprudential policy actions in response to growing systemic vulnerabilities.
- The macroprudential policy toolkit is described as well stocked and actively used.

### Effectiveness and outcomes
- The authorities’ actions seem to have been effective in slowing down some of the riskier trends.

### Subjects and keywords
- Subjects: Banking; Countercyclical capital buffers; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Financial sector stability; Financial stability assessment; Macroprudential policy; Macroprudential policy instruments; Mortgages
- Keywords: central bank; Countercyclical capital buffers; CR; CRE company; CRE market; CRE risk; CRE sector; Financial sector stability; Financial stability assessment; financial system; foreign currency; FSA survey; Global; ISCR; liquid asset; Macroprudential policy; Macroprudential policy instruments; mortgage loan; Mortgages

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## Content in this bundle

- **1norea2020007**
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_Source: https://www.imf.org/en/publications/cr/issues/2020/08/07/norway-financial-sector-assessment-program-technical-note-systemic-risk-oversight-and-49676_