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Persistent link: https://www.econbiz.de/10012604213
While Norway's institutional arrangement for macroprudential policy is uncommon, the authorities have shown strong … willingness to act. The Ministry of Finance (MoF) is the sole macroprudential decision-maker in Norway, which is rare in …
Persistent link: https://www.econbiz.de/10012302797
Norway has made substantial progress in strengthening its framework for financial crisis management and bank safety … Financial Groups Act and accompanying regulations. Finanstilsynet (the Financial Supervisory Authority of Norway, FSA) has been … designated as Norway's resolution authority. Resolution financing options were broadened by establishing a resolution fund. While …
Persistent link: https://www.econbiz.de/10012302812
This note presents a targeted review of selected aspects in the regulation and supervision of banks in Norway. The … review is carried out as part of the 2020 Norway Financial Sector Assessment Program (FSAP) and the findings and …
Persistent link: https://www.econbiz.de/10012302813
Much of the work of the Financial Sector Assessment Program (FSAP) was conducted prior to the COVID-19 pandemic, with the missions ending on February 13, 2020. Given the FSAP's focus on medium-term challenges and vulnerabilities, however, its findings and recommendations for strengthening policy...
Persistent link: https://www.econbiz.de/10012302816
Much of the work of the FSAP was conducted prior to the COVID-19 outbreak. The risk and vulnerability analysis integrates the original work with a quantification of the impact of the COVID-19 crisis on bank solvency under two separate scenarios. The original 'market shock' scenario explores...
Persistent link: https://www.econbiz.de/10012391170