Reuters: FSA backs government measures to cool property market

Banks in Norway have been hurrying to buffer their balance sheets and liquidity preparedness to meet expected tightening measures that have now received the support of the financial supervisory authority according to a Bloomberg report. Finanstilsynet shares government’s worries of soaring household debt stemming from continued good prospects in the energy sector. The worry is that a history will repeat itself and a housing bubble will once again cause problems for many families. Both the dominant DnB (OSE: DNB) and numerous listed and unlisted savings banks have been anticipating such a move for quite some time.