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Last Trade - 09/04/21

Large Cap
Market Cap £24.08bn
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Position in Universe 30th / 1831

Norway asks EEA to reciprocate its systemic risk buffer for banks

Tue 2nd February, 2021 3:52pm
OSLO, Feb 2 (Reuters) - Norway wants the states belonging to
the European Economic Area (EEA) to reciprocate the systemic
risk buffer requirement for banks, the Nordic country's ministry
of finance said on Tuesday.
    Non-EU Norway, which is a member of the European common
market, has requested the European Systemic Risk Board (ESRB) to
issue such a recommendation to other EEA states, it added.
    Since the beginning of this year, a new systemic risk buffer
requirement for Norwegian banks was set at 4.5 percent for
domestic exposures, up from 3 percent previously.

 (Reporting by Gwladys Fouche, editing by Nerijus Adomaitis)
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))
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