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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.

Risk and Vulnerability Analysis 2013

27 May 2014

Finanstilsynet presented in April 2014 its Risk and Vulnerability Analysis (RAV) for 2013 on financial institutions' use of information and communication technology (ICT).

EBA publishes methodology and baseline scenarios for EU stress test of banks in 2014

29 April 2014

The European Banking Authority (EBA) today published its methodology and baseline macroeconomic scenarios for the EU-wide stress test of banks in 2014. In Norway the stress test will cover DNB Bank.

Good results provide enhanced solvency

9 April 2014

A high activity level in the Norwegian economy contributed to good results for Norwegian banks in 2013. Loan losses are still low, but the banks must be prepared for the possibility of increased losses in the next few years. Much uncertainty attends the international economy, which is still affected by financial imbalances. Household debt is growing faster than household incomes, and households will be vulnerable in the event of income decline and higher interest rates. Banks' financial...

Review of financial reporting – Birdstep Technology ASA

27 March 2014

Finanstilsynet has reviewed certain aspects of the financial statements of Birdstep Technology ASA for 2012.

Review of financial reporting – Stolt-Nielsen Limited

26 March 2014

Finanstilsynet has reviewed certain aspects of the 2012 consolidated financial statements of Stolt-Nielsen Limited ("SNI"). The review has focused on three business acquisitions and bargain purchase gains.

Control of financial reporting – Statoil ASA

11 March 2014

Finanstilsynet - The Financial Supervisory Authority of Norway - has reviewed certain aspects of the 2012 consolidated financial statements of Statoil ASA ("Statoil"). The review focuses on key elements of Statoil's principles for impairment testing, as well as assets and activities presumed to be affected by the shale revolution in the USA.

Good results at Norwegian banks a sound basis for improved solidity

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...

Comments on the Basel Committee on Banking Supervision’s consultative document on Liquidity Coverage Ratio disclosure standards

15 October 2013

Joint comments from Norges Bank and Finanstilsynet. Letter of 11 October 2013 to the Basel Committee on Banking Supervision.

Comments on the Basel Committee on Banking Supervision’s discussion paper entitled “The regulatory framework: balancing risk sensitivity, simplicity and comparability”

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.

Finanstilsynet's report Risk Outlook 2013: The Financial Market in Norway

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.

The Alternative Investment Fund Managers Directive (Directive 2011/61/EU, AIFMD)

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...

Changes to Finanstilsynet

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...

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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.