Norway's Ministry of Finance has appointed an expert committee to assess whether Norway’s framework for bank crisis management and deposit guarantees should be amended, including to implement forthcoming changes in EU/EEA rules. The mandate includes reviewing crisis management arrangements for small and medium-sized banks, expanding the scope to use the deposit guarantee fund and crisis measures fund, and harmonising the deposit guarantee limit for temporarily high balances linked to buying or selling a private home. The committee will also examine issues in the existing Norwegian framework, including the organisation of public authority responsibilities and the legal basis for and size of the Norwegian deposit guarantee and crisis measures funds. A reference group will be established to support the committee’s work, and the report is due by 30 March 2027.
Department of Finance (Norway) 2026-03-20
Norway's Ministry of Finance establishes committee to review bank crisis management and deposit guarantee rules ahead of EU/EEA CMDI changes
Norway's Ministry of Finance has appointed an expert committee to evaluate potential amendments to the bank crisis management and deposit guarantee framework, aligning with upcoming EU/EEA rule changes. The review will cover crisis management for small and medium-sized banks, use of the deposit guarantee and crisis measures funds, and harmonisation of the deposit guarantee limit for temporarily high balances related to real estate transactions. A reference group will assist, with a report expected by March 2027.