Norway to follow EU's capital requirement rules for banks -ministry

Sparebanken Sor

30/08/2018 14:56

OSLO, Aug 30 (Reuters) - Norway plans to implement the
European Union's latest banking capital requirements directive
along the same guidelines as those used by the EU, the Norwegian
finance ministry wrote in a letter to the country's main
financial industry lobby.
    The implementation of the directive, known as CRR/CRD IV,
will not impose extra capital requirements on Norwegian banks
compared to those of the EU, said the letter, released on
Thursday.

 (Reporting by Terje Solsvik and Ole Petter Skonnord, editing by
Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))