Norway's central bank on Monday said it saw no liquidity challenges for Norwegian banks following the Swiss-brokered rescue of Credit Suisse.

"Norges Bank closely monitors developments in the markets and the economy. We do not see any signs of liquidity challenges in Norwegian banks," a spokesperson for the bank said in an email to Reuters.

Global bank stocks continued to fall on Monday as the focus of investors shifted to the massive hit some Credit Suisse bondholders would take under the UBS acquisition, which has added to anxiety about other key risks including contagion.

In coordination with central banks elsewhere, the U.S. Federal Reserve on Sunday offered daily currency swaps to ensure banks in Canada, Britain, Japan, Switzerland and the euro zone would have the dollars needed to operate.

Norges Bank was not part of this arrangement, the spokesperson said. (Reporting by Victoria Klesty, editing by Terje Solsvik)


Reuters