Central Banking

Norges Bank questions contingency plans for cash distribution

Report warns Norwegian banks’ back-up plans “may prove inadequate” in a crisis

Norges Bank HQ, Oslo

Norwegian banks' contingency plans for cash distribution "may prove inadequate" in the event of a crisis, the country's central bank has warned.

Banks are expected to cope with full or partial failure of the payment system. In its last financial infrastructure report, Norges Bank argues it is not sufficiently clear whether electronic payment solutions "can take over the role of cash" in a crisis.

Without a viable alternative for cash, it has to be included in any solution. Norges Bank's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.