Norway raises capital requirement for SIFIs

By Bill Thornhill
15 May 2014

The Norwegian Ministry of Finance defined on Tuesday which institutions it considers systemically important, and said they should hold 2% more common equity tier one (CET1) than other Norwegian banks.

Any Norwegian institution which has total assets corresponding to at least 10% of Norway’s GDP, or a share of the Norwegian lending market of at least 5%, is deemed systemically important.

“The ministry has today notified DNB Bank ASA, Nordea Bank Norge ASA and Kommunalbanken AS of the ...

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