Macroprudential measures – Norway
The Norwegian macroprudential authority decided to reset the systemic risk buffer rate for exposures located in Norway and to extend the risk weight floors applicable to residential and commercial real estate exposures located in Norway with effect from 31 December 2022, specifically:
a) The 4.5% systemic risk buffer rate
b) The minimum average risk weight level of 20% applied at the level of IRB banks for exposures to residential real estate located in Norway
c) The minimum average risk weight level of 35% applied at the level of IRB banks for commercial real estate exposures in Norway
The Czech National Bank (CNB) has decided not to reciprocate these measures, as the relevant exposures of domestic banks are very low. The CNB also currently has no information indicating that this situation might change. However, the CNB will continuously assess the situation and stands ready to amend its decision if necessary.
Prague, 2 June 2023