Norway: Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
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Summary:
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.
Series:
Country Report No. 2020/260
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Capital adequacy requirements Credit risk Crime Financial regulation and supervision Financial sector policy and analysis Financial stability assessment Operational risk
Frequency:
regular
English
Publication Date:
August 12, 2020
ISBN/ISSN:
9781513553122/1934-7685
Stock No:
1NOREA2020002
Pages:
47
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