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

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 international comparison. However, Norges Bank and the Fina...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2020.
Colecção:IMF Staff Country Reports; Country Report ; No. 2020/265
Acesso em linha:Full text available on IMF
Descrição
Resumo: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 international comparison. However, Norges Bank and the Finanstilsynet (FSA) play important advisory roles. In recent years, the authorities have taken substantive and wide-ranging macroprudential policy actions in response to growing systemic vulnerabilities-and these seem to have been effective in slowing down some of the riskier trends. The macroprudential policy toolkit is well stocked and actively used.
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Descrição Física:1 online resource (54 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
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