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NOK181.25 -0.8  -0.4%

Last Trade - 05/05/21

Sector
Financials
Size
Large Cap
Market Cap £24.30bn
Enterprise Value £56.17bn
Revenue £5.01bn
Position in Universe 30th / 1831

Norway to hold hearing on tightening mortgage rules

Tue 17th March, 2015 9:32am
OSLO, March 17 (Reuters) - Norway's finance ministry will 
conduct a hearing on the financial regulator's proposal to 
tighten mortgage lending rules and it will accept submissions on 
the topic over the next six weeks, it said on Tuesday. 
    The bank regulator proposed tighter mortgage regulations on 
Tuesday, warning that low interest rates could fuel already 
rapid house price growth, raising the risk of a sharp correction 
and financial instability. 
    The regulator said it would close loopholes that allow banks 
to deviate from its lending guidelines and it would require more 
strenuous stress tests on borrowers because house price growth 
is too high, even though the broader economy has been hurt by 
the slump in the price of crude oil, Norway's top export 
commodity. 
 
 (Reporting by Balazs Koranyi, editing by Terje Solsvik) 
 ((Balazs.Koranyi@thomsonreuters.com; +47 2331 6596; Reuters 
Messaging: balazs.koranyi.thomsonreuters.com@reuters.net)) 
 
Keywords: NORWAY LENDING/GOVERNMENT
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