Norway should extend mortgage restrictions, but remove Oslo measure -FSA

Sparebanken Ost

28/02/2018 12:03

OSLO, Feb 28 (Reuters) - The Norwegian government should 
extend most of the mortgage restrictions that were imposed early 
last year, although a special measure for the capital can be 
discontinued, the country's bank regulator (FSA) recommended on 
Wednesday. 
    The Finance Ministry imposed added restrictions on banks' 
mortgage lending in January 2017 in a bid to limit household 
borrowing and prevent a potential house price bubble, with a 
particular focus on reining in the Oslo market.  urn:newsml:reuters.com:*:nL5N1E93YZ 
    In November, the ministry asked the FSA to evaluate whether 
the rules should be terminated, adjusted, or left as they are. 
The ministry will come with its own decision at a later stage 
after a round of public hearing.   
 
 (Reporting by Terje Solsvik and Ole Petter Skonnord, editing by 
Gwladys Fouche) 
 ((camilla.knudsen@thomsonreuters.com; +47 2331 6595; Reuters 
Messaging: camilla.knudsen.thomsonreuters.com@reuters.net)) 
 
Keywords: NORWAY FINMIN/HOUSING