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Financial trends 2015

10 November 2015

The oil price fall is affecting the Norwegian economy. Lower demand from the petroleum industry has resulted in substantially lower activity levels and impaired profitability in industries that deliver goods and services to the petroleum sector. Direct exposures to oil-related industry account for a relatively small portion of Norwegian banks' aggregate lending, but there are differences between banks.

Publication of Pillar 2 requirements

18 September 2015

Letter to the Ministry of Finance 26 June 2015

Finanstilsynet's Risk Outlook 2015 report

11 June 2015

The English translation of the Risk Outlook 2015 report is now available in PDF.

Finanstilsynet's Annual Report 2014

9 June 2015

The annual report for 2014 is now available.

Risk and Vulnerability Analysis 2014

26 May 2015

The Financial Institutions's Use of Information and Communications Technology (ICT)

Risk Outlook 2015

22 April 2015

The level of debt in Norway is high relative to total production, and has never been higher than at present. Household debt in particular has grown by a wide margin relative to incomes. Concurrently house prices have risen sharply. After briefly levelling off in 2013, house price growth has again gathered momentum.

Finanstilsynet proposes establishing requirements on residential mortgage lending practices in the form of regulations

17 March 2015

Finanstilsynet yesterday responded to the Ministry of Finance's letter dated 6 March 2015 concerning household credit growth.

Management of equity fund – corrective order

11 March 2015, updated 14 April 2015

As part of its supervision of management companies, Finanstilsynet investigates whether Norwegian equity funds that are marketed and priced as actively managed funds are in fact managed as such.

Economic uncertainty compounded by high household debt and high house prices

4 November 2014

Low unemployment, high wage growth and low interest rates have spurred substantial growth in household debt and incomes in recent years. However, household indebtedness has risen more quickly than incomes, and the ratio of debt to incomes is unprecedentedly high. The high level of household debt renders the Norwegian economy vulnerable to negative shocks.

EBA stress test results published

26 October 2014

The European Banking Authority (EBA) today announces the results of the 2014 EU-wide stress test, which also covers the DNB banking group.

Review of financial reporting - Jinhui Shipping and Transportation Ltd

16 October 2014

Finanstilsynet has reviewed certain aspects of the 2012 consolidated financial statements of Jinhui Shipping and Transportation Group ("Jinhui"). The review has covered, inter alia, the impairment tests of Jinhui's vessels.

Public register of authorised nominees

10 October 2014

Finanstilsynet's registry now contains information on the companies approved by Finanstilsynet to be registered on behalf of the beneficial owner in Norwegian securities registers, registers of shareholders and unit holder registers ("nominee authorisations").

Decision of surrender of gain - Ellis Lake Capital LLC

20 August 2014

Finanstilsynet has, in accordance with the prohibition against uncovered short sale in the Norwegian Securities Trading Act section 3-14 cf. section 17-2, decided to order Ellis Lake Capital LLC ("Ellis Lake") to surrender the gain of NOK 482,161 obtained through the sale of 80,020 shares in Northland Resources S.A. on 21 August 2013.

Decision of surrender of gain - Scoggin Capital Management II LLC

20 August 2014

Finanstilsynet has, in accordance with the prohibition against uncovered short sale in the Norwegian Securities Trading Act section 3-14 cf. section 17-2, decided to order Scoggin Capital Management II LLC (Scoggin) to surrender the gain of NOK 5.27 million obtained through the sale of 850,607 shares in Northland Resources S.A. on 26 August 2013.

Finanstilsynet tightens requirements on residential mortgage models

1 July 2014

Finanstilsynet is to impose stricter requirements on the models used by banks to estimate residential mortgage risk. The largest banks use these models to calculate risk weights which determine the capital required to back their mortgage loans. Mortgage risk weights have fallen in recent years while higher house prices and higher household indebtedness have increased the risk present in the mortgage market.

Finanstilsynet's report Risk Outlook 2014: The Financial Market in Norway

13 June 2014

The report summarises financial institutions’ results for the previous year, and assesses risks facing banks and other institutions in the Norwegian financial market and potential sources of future stability problems in the Norwegian financial system.

Read more ...

Finanstilsynet is an independent government agency that builds on laws and decisions emanating from the Parliament (Stortinget), the Government and the Ministry of Finance and on international standards for financial supervision and regulation.