COPENHAGEN: As Norway falls deeper into an oil-induced slump, its financial watchdog is adjusting rules on how much capital banks must hold to cope with such shocks.
According to Credit Suisse, the changes will mean higher capital requirements for Norwegian banks and fewer rewards for investors, as the Oslo-based Financial Supervisory Authority (FSA) imposes some of Europe’s toughest standards.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!