The Financial Supervisory Authority of Norway has published its high-level plan for resolvability testing over 2026–2028, framing the programme as an assessment of the credibility of implementing resolution in line with the European Banking Authority (EBA) resolvability guidelines. The plan is described as tentative and subject to change, consistent with the EBA expectation that resolution authorities adopt a three-year testing programme in which the final two years are indicative. Planned work includes, in 2026 H1, testing liquidity provision and access to S-loans against non-traditional collateral across all banks subject to ordinary minimum requirement for own funds and eligible liabilities (MREL). In 2026 H2, selected ordinary MREL banks will be tested on management information systems for valuation and on financial market infrastructure (FMI) contingency plans, with FMI contingency plan testing extended in 2027 to banks not covered in 2026 H2. Also planned are internal recapitalisation “dry runs” for selected ordinary MREL banks in 2027 and for banks not tested in 2027 during 2028, alongside a 2028 test of liquidity under stress and a separate exercise on alternative resolution strategies for selected banks. Testing is to be conducted with reference to the EBA guidance on resolvability testing and the EBA Handbook on simulation exercises for resolution authorities.
Norwegian Finanstilsynet 2026-01-30
Financial Supervisory Authority of Norway sets out tentative 2026–2028 resolvability testing programme for MREL banks
The Financial Supervisory Authority of Norway plans resolvability testing from 2026 to 2028, aligning with European Banking Authority guidelines. The programme includes liquidity provision tests, management information systems evaluations, and financial market infrastructure contingency plans, with internal recapitalisation "dry runs" and stress liquidity tests for selected banks. Testing will follow EBA guidance and simulation exercises.