Norway : Financial Sector Assessment Program.

This paper discusses key findings and recommendations of the Financial System Stability Assessment for Norway. Norway's financial system coped well with the global financial crisis and has further increased buffers to deal with potential shocks, but significant financial imbalances have also bu...

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Bibliographic Details
Corporate Author: International Monetary Fund. Monetary and Capital Markets Department
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Staff Country Reports; Country Report ; No. 2015/252
Online Access:Full text available on IMF
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520 3 |a This paper discusses key findings and recommendations of the Financial System Stability Assessment for Norway. Norway's financial system coped well with the global financial crisis and has further increased buffers to deal with potential shocks, but significant financial imbalances have also built up since then. 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. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2015/252 
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