Markets and ICT

The department monitors, communicates and analyses relevant developments in money and capital markets.

The department is responsible for:

  • in central banking operations, maintaining a comprehensive overview of market developments
  • ensuring the capacity and ability to deal with crises in the financial system
  • efficiently managing overall liquidity in the banking system
  • providing stable, functional and efficient IT services

Executive Director: Olav Andreas Bø
Tel. +47 22 31 67 43

Departmental units:

International Markets

The unit manages the portion of Norway's foreign exchange reserves invested in fixed income instruments. In addition, the unit is responsible for transactions in foreign exchange markets on behalf of the government.

Director: Arnes Osnes
Tel. +47 22 31 67 06

Domestic Markets

The unit is responsible for managing overall liquidity in the banking system to ensure that the Executive Board's decisions on the key policy rate are transmitted to short-term money market rates.

Director: Ketil Rakkestad
Tel. +47 22 31 63 63

Government Debt Management

The unit is responsible for issuing and managing government debt in accordance with a mandate laid down by the Ministry of Finance.

Director: Anders Svor
Tel. +47 22 31 60 65 / 22 31 64 94

Operations

The unit is responsible for measuring and managing the financial risk associated with the items on Norges Bank's balance sheet, including the foreign exchange reserves. The unit also performs support and control functions for the MI department's trading and investment activities.

Director: Roger Rake
Tel. +47 22 31 61 52

ICT

The unit is responsible for procuring, developing and operating secure and stable IT systems for Norges Bank Central Banking Operations.

Director: Helge Mothes
Tel. +47 22 31 65 69 / +47 22 31 60 25

Published 1 June 2012 08:55
Edited 6 April 2018 10:02
Olav Andreas Bø
Executive Director, Markets and ICT

Contact:

Tel.: +47 22 31 67 43

Contact

Liquidity: +47 22 31 71 70 / Fax: +47 22 33 37 35
Foreign exchange: +47 22 31 71 50
Government debt: +47 22 31 71 40