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Norway house bubble risk raises need for tougher rules, FSA says

Posted on 19 September 2011

Norway’s financial regulator may force mortgage lenders to adopt stricter rules in an effort to prevent the biggest household debt burden in more than two- decades from fanning a property market bubble.

“The more indebted the households become and the higher the property prices go, the greater is the potential for a setback,” Morten Baltzersen, who took over as director general of the Oslo-based Financial Supervisory Authority last month, said………………………………………Full Article: Source


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