6 November 2013
The Norwegian economy continues to fare well despite slower growth and a slight rise in unemployment. Much uncertainty attends the international economy, which is still marked by financial imbalances. Norwegian banks are well capitalised and profitable but need to further strengthen their capital adequacy to meet higher regulatory requirements and economic uncertainty. The banks are in a good position to increase their equity capital, and strong banks are crucial to the Norwegian economy's...
15 October 2013
Joint comments from Norges Bank and Finanstilsynet. Letter of 11 October 2013 to the Basel Committee on Banking Supervision.
15 October 2013
Joint comments from Norges Bank and Finanstilsynet (Financial Supervisory Authority of Norway). Letter of 11 October 2013 to Basel Committee on Banking Supervision.
23 August 2013
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.
28 June 2013, updated 30 September 2013
The AIFMD is broad in scope, covering the management, administration and marketing of alternative investment funds. Its focus is on regulating the manager of the fund rather than the fund itself. Alternative investment funds are collective investment schemes not subject to the UCITS regime, and they include hedge funds, private equity funds and real estate funds. The AIFMD establishes a harmonised framework for managing and marketing of alternative investment funds within the European Economi...
31 May 2013
Organisational changes adopted by Finanstilsynet will take effect on 1 June 2013. As from that date the supervisory areas will be assigned to two departments – Banking and Insurance Supervision and Capital Markets Supervision. The latter largely comprises the previous Department for Capital Markets Supervision and the Department for Accounting and Auditing Supervision. Certain changes are also made to section structure within and between departments. In addition, department and section names...
30 April 2013
Finanstilsynet presented in April its Risk and Vulnerability Analysis (RAV) for 2012 on financial institutions' use of information and communication technology (ICT).
23 April 2013
The Norwegian economy is faring well, but there are major uncertainties in the international economy. Banks report good earnings, and loan losses are low. This provides a sound basis on which to further bolster financial soundness.
11 March 2013
Finanstilsynet has decided that new mortality tables are to be introduced for collective pension insurances written by life insurers and pension funds with effect from 2014 onwards.
16 October 2012
The Norwegian economy is sound, and Norwegian banks are solid and profitable. This puts the Norwegian economy in a good position to withstand the impact of international financial turbulence and a weaker trend in the world economy. Renewed turmoil in international financial markets will affect Norwegian banks' funding opportunities and life insurers' rates of return may be impaired. A substantial international setback will hit Norwegian business and industry, which could increase banks' loan...
3 October 2012
The European Banking Authority (EBA) today published the result of its final evaluation of banks' compliance with the EBA's recommendation of a 9% Core Tier 1 ratio by the end of June 2012.
20 July 2012
A Memorandum of Understanding (MoU) has been established between Finanstilsynet and The Reserve Bank of India on the supervision of banks.
13 April 2012
Finanstilsynet withdrew Acta Asset Management's licences to provide investment services on 12 April 2012.
17 April 2012
Finanstilsynet withdrew Terra Markets' licences to provide investment services on 12 April 2012. This action was taken after Finanstilsynet conducted an on-site inspection of the company.
13 March 2012
Finanstilsynet presents its report “Risk Outlook 2012” today. The report describes and analyses developments in the real economy, markets and financial institutions. It also assesses households’ and firms’ financial position, and covers stress tests of banks and households.
29 February 2012
As from March 2012 Finanstilsynet is using the Oslo Børs announcement system to publish its final letters in matters arising from its supervision of listed companies' financial reporting.
23 February 2012
Talk given by the Director General of Finanstilsynet, Morten Baltzersen, at the Foreign Exchange Seminar of the Association of Norwegian Economists on 3 February 2012.