trending Market Intelligence /marketintelligence/en/news-insights/trending/bNq-Ne21Rklqw7TksMBkQg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Norway ups countercyclical capital buffer rate for banks

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Norway ups countercyclical capital buffer rate for banks

Norway's finance ministry said Dec. 15 that it will increase the countercyclical capital buffer rate for banks to 2% from 1.5%, beginning Dec. 31, 2017.

The increase is in line with a recommendation from Norges Bank, Norway's central bank, which cited growing risk to financial stability brought by growth in household debt and house prices as the key driver of the increase in the buffer rate.

The buffer requires banks to set aside additional capital above their ordinary minimum requirement. The countercyclical buffer is used when financial imbalances are growing or have grown, the finance ministry noted.