Financial Stability Report 2013

Financial stability implies a financial system that is resilient to shocks and is capable of channeling funds, executing payments and distributing risk efficiently. Financial stability is one of Norges Bank’s primary objectives in the work on promoting economic stability. Norges Bank’s tasks and responsibilities in this area are set out in Section 1 of the Norges Bank Act, which states that the Bank shall “promote an efficient payment system domestically as well as vis-a-vis other countries”. Section 3 states that “the Bank shall inform the Ministry of Finance when, in the opinion of the Bank, there is a need for measures to be taken by others than the Bank in the field of monetary, credit or foreign exchange…