Six countries slash countercyclical buffers
Financial watchdogs around the world have lowered countercyclical capital buffers (CCyB) imposed on banks in a bid to stoke lending throughout the coronavirus crisis.
Authorities in Belgium, Denmark, Hong Kong, Norway, Sweden and the UK have all announced the lowering, or full release, of their CCyBs in recent days. This has the effect of reducing Common Equity Tier 1 (CET1) capital requirements for domestic exposures, particularly helping national banks with scant overseas businesses.
Norway
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