25 November 2011
On 25 November 2011, The European Securities and Markets Authority (ESMA) issued a statement regarding accounting for sovereign debt in IFRS financial statements of issuers listed on a regulated market within the EEA area.
28 October 2011
As a part of European measures to restore confidence in financial markets, the European Banking Authority (EBA) has published a plan for the recapitalisation of European banks based on new, higher requirements.
5 October 2011
Finanstilsynet has reviewed property valuations in periodic reports filed by a number of listed entities. The review focuses on investment in office property.
28 September 2011
Norway's financial industry has a solid footing, but is affected by the turbulence in international financial markets. Norwegian banks are impacted by reduced funding opportunities internationally. Falling share and fixed income values are reducing life insurers' return. A substantial setback in the international economy would also affect Norwegian business and industry, and potentially result in increased loan losses. In addition, pressures in the housing market and growing household...
28 September 2011
The situation in the housing market, banks' compliance with guidelines for prudent mortgage lending practice and the home loan survey of August 2011 are the background against which Finanstilsynet is now considering tightening the guidelines for prudent lending practice in respect of residential mortgages.
15 August 2011
Morten Baltzersen takes up duties as Director General of Finanstilsynet on Monday 15 August.
29 July 2011
Presentation by Acting Director General Emil R. Steffensen at APRA (Australian Prudential Regulation Authority) in Sydney, 15 July 2011.
15 July 2011
The European Banking Authority (EBA) today announces the results of this year’s EU-wide stress test, which also covers DnB NOR Bank. This is the first time a Norwegian bank has participated in an EU-wide stress test for banks.
4 July 2011
The European Insurance and Occupational Pensions Authority (EIOPA) announced today the results of its second European insurance stress test. The exercise confirms that the insurance market in Europe covered by the test is robust.
27 May 2011
The report gives an account of the situation in financial institutions in light of economic and market developments, and assesses trends that may give rise to stability problems in the Norwegian financial system.
10 March 2011
The new European solvency framework for insurers, Solvency II, becomes effective on 1 January 2013. Solvency II brings into focus the need for new product legislation in Norway’s life insurance industry. Finanstilsynet recommends changes providing a greater opportunity for long-term management of assets adapted to the time horizon of pension liabilities.
10 March 2011
Although the Norwegian economy and Norwegian financial institutions emerged relatively favourably from the financial crisis and posted creditable performances in 2010, the outlook ahead remains uncertain - an uncertainty driven in particular by international developments.
