2020

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2020

Liquidity – guarantee schemes

The Norwegian government has proposed a state guarantee for bank credit to SMEs hit by the current crisis. This enables banks to distribute credit to these firms with the state guaranteeing up to 90 percent of the credit.

Critical functions in finance in the Covid-19 situation

The Directorate for Social Security and Preparedness in Norway has pointed out, in "The Critical Functions of Society", three important functions within financial services that must be taken care of.

Extraordinary F-loans to banks

Press release from Norges Bank today: Owing to the market situation over the past few days, Norges Bank will offer additional extraordinary NOK F-loans as from 19 March 2020. Norges Bank will offer extraordinary F-loans with a maturity of one week, one month, three months, six months and twelve months.

Follow-up by The Financial Supervisory Authority of Norway

FSA Norway wirtes in a press release: The coronavirus outbreak has had a major negative impact on the Norwegian and international economies and caused significant fluctuations in the financial markets. This may affect the financial system in various ways. Finanstilsynet is therefore keeping a close watch on market developments and changes in the risk picture of financial...