Norway's Ministry of Finance has notified relevant EU and EEA authorities of which financial institutions are to be treated as systemically important in Norway, meaning they must meet additional capital buffer requirements. The notification follows advice from the Financial Supervisory Authority of Norway and the procedures set out in the Capital Requirements Regulation and Capital Requirements Directive framework. The notified systemically important institutions are DNB Bank ASA, Kommunalbanken AS, Nordea Eiendomskreditt AS, Sparebank 1 Sør-Norge ASA and Sparebanken Norge. Sparebanken Norge is to meet a systemic institution buffer requirement of 1% from 31 March 2027. Because Norway’s systemic risk buffer requirement (4.5%) plus the systemic institution buffers (1–2%) exceeds 5%, the identification must be approved by the EFTA States’ Standing Committee under the CRR/CRD rules. Approval is to be granted within three months and will be based on an assessment by the European Systemic Risk Board. The ministry will adopt formal decisions on the systemically important institutions once the notification and approval process has been completed.
Department of Finance (Norway) 2025-08-15
Norway's Ministry of Finance notifies EU and EEA authorities of five systemically important institutions and related capital buffer requirements
Norway's Ministry of Finance has notified EU and EEA authorities of financial institutions deemed systemically important, requiring additional capital buffers. These include DNB Bank ASA, Kommunalbanken AS, Nordea Eiendomskreditt AS, Sparebank 1 Sør-Norge ASA, and Sparebanken Norge. Approval by the EFTA States’ Standing Committee is needed due to the systemic risk buffer exceeding 5%, with formal decisions pending completion of the notification and approval process.