Norway: Financial Sector Assessment Program-Technical Note- Stress Testing the Banking Sector

Abstract

"September 2016." "August 2016; prepared by Monetary and Capital Markets Department"--Page 2 of pdf. "Prepared by Cyril Pouvelle and Heedon Kang, Monetary and Capital Markets Department, IMF, in the context of the 2016 Ireland Financial Sector Assessment Program"--Page 12 of pdf. The FSAP stress testing exercise took place at a turning point for the Irish financial system. The Irish economy is quickly rebounding, the banking system returned to profitability in 2014, and banks' exposures to the volatile commercial real estate market have declined significantly. However, the banking system is still healing from the latest financial crisis, with a very large stock of nonperforming loans.