Cover IMF Staff Country Reports
Norway: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
Author: International Monetary Fund. Monetary and Capital Markets Department
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2020: Issue 260
Language:
English
Publication Date:
12 Aug 2020
DOI:
https://doi.org/10.5089/9781513553122.002
ISBN:
9781513553122
ISSN:
1934-7685
Pages:
47
Keywords:
ISCR; CR; risk assessment; FSA budget; FSA decision; FSA expectation; FSA power; supervisory guidance; FSA onsite; FSA control; FSA approach; due diligence; FSA staff; FSA plan; Financial stability assessment; Anti-money laundering and combating the financing of terrorism (AML/CFT); Credit risk; Capital adequacy requirements; Operational risk; Global
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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 recommendations are based on the regulatory framework in place and the supervisory practices employed at end-October 2019. The note focuses on the powers and responsibilities, independence, and resourcing of Finanstilsynet (FSA); its supervisory approach and enforcement powers and practices; key aspects of the prudential framework; and mechanisms to prevent abuse of financial services.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund