OSLO (Reuters) - Eight banks in Norway should be subject to extra regulation as they are crucial to the country's financial stability, the financial regulator said on Monday.
Norway is considering imposing a slew of new regulations on its banks to strengthen the financial system, on top of a previously announced plan to require banks of systemic importance to hold additional capital.
The banks named on Monday are: DNB
These are SpareBank 1 Northern Norway
"(We) recommend that these institutions be seen as systemically important at the national level and have special requirements imposed in addition to a capital buffer of two percent," the Financial Supervisory Authority said in a statement.
The financial regulator submitted its proposal to the finance ministry, which will decide on the new regulations.(Reporting by Gwladys Fouche)