Gjedrem on risk & growth in the financial industry

In the speech 'Risk and growth in the financial industry' given on 27 October Svein Gjedrem of Norges Bank said given the current picture, a sharp increase in bank losses is not likely in the near future.

This is also the assessment of the IMF, which recently evaluated the Norwegian financial system, Gjedrem said. "The IMF concluded that the Norwegian financial system is solid and well managed, and that short-term vulnerabilities are low. Even with a strong negative shock to the economy, losses

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