Working group for alternative reference rates in NOK Meeting minutes Tuesday, 24 April 2018 Norges Bank – Bankplassen 2

On the other hand, the expanded Nowa rate could fluctuate on a daily basis if the foreign banks’ deposits increase relative to the deposit volumes traded between banks with an

In response to the FSB’s recommendations and the work in other countries in this area, Norges Bank has decided, after consultation with the financial industry, to establish a

To ensure sufficient liquidity for Nowa derivatives, the working group proposes that banks active in the interest rate derivatives (IRD) market agree to support the market by

Furthermore, the working group proposes setting the spread adjustment equal to the median difference between Nibor and term- adjusted Nowa over the past five years before Nibor

Place: Norges Bank, Bankplassen 2, 0107 Oslo Date: Friday August 23 2019. Time: 10:00

Place: Norges Bank, Bankplassen 2, 0107 Oslo Date: Wednesday May 15 2019. Time: 10:00

Place: Norges Bank, Bankplassen 2, 0107 Oslo Date: Tuesday August 21 2018. Time: 10:00

Place: Norges Bank, Bankplassen 2, 0107 Oslo Date: Monday September 24 2018. Time: 10:00