Comment on systemic risk buffer update
On 11 December, the Norwegian Ministry of Finance announced amendments to the capital requirements for Norwegian banks that will be implemented 31 December 2020. Compared with the consultation paper, the systemic risk buffer has been changed for countries outside the European Economic Area. For countries that do not have systemic risk buffer requirements, the rate is set to zero instead of previously proposed Norwegian buffer rate. Based on DNB's portfolio as at the third quarter of 2019, the effective systemic risk buffer requirement will be approximately 3.1 per cent compared with the