Proposal on a new central bank act
(WorldNews Norway)

The Commission on the Act relating to Norges Bank and the Monetary System proposes a new central bank act that lays down a clearly defined purpose for Norges Bank. Under the proposal, responsibility should also be conferred on Norges Bank for setting the countercyclical capital buffer for banks and the possibility of providing Norges Bank with the authority to issue regulations for new residential mortgage loans should be considered. The Commission today submitted its...