Norway keeps countercyclical capital buffer for banks unchanged

Sparebanken Sor

22/09/2016 09:01

OSLO, Sept 22 (Reuters) - Norway will not make additional 
changes to its countercyclical capital buffer requirement for 
banks, the finance ministry said in a statement on Thursday. 
    The decision was in line with a recommendation from the 
central bank. 
    Last year the ministry decided that banks should hold a 
countercyclical buffer of 1.5 percent from June 30, 2016. 
    The buffer, set by the ministry, aims to force banks to 
accumulate extra capital during boom periods on top of capital 
requirements set through other regulations. 
    Leading Norwegian banks include among others DNB  DNB.OL , 
SR Bank  SRBANK.OL , Sparebank 1 SMN  MING.OL , Sparebanken Vest 
 SVEG.OL  and Sparebank 1 Nord-Norge  NONG.OL . 
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: NORWAY BANKS/FINMIN