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Financial trends 2016

30 November 2016

Economic developments in Norway reflect reduced activity levels in the oil sector and in oil-related industries. The oil price fall has brought a marked impairment in the profits and financial position of businesses in oil-related sectors. Several major companies in the offshore industry are in negotiations with creditors to restructure debt. Several of the largest Norwegian banks are exposed to these industries.

Publication of Pillar 2 requirements for Norwegian Institutions

27 October 2016

Finanstilsynet's Pillar 2 requirements for DNB, Nordea Bank Norge and Kommunalbanken are published today.

Growing interest in balanced funds calls for improved information and more focus on pricing

13 October 2016

An analysis of Norwegian balanced funds conducted by Finanstilsynet has identified some aspects for improvement. The analysis shows that in many cases the fees charged for managing balanced funds' equity investments significantly exceed the fees charged for managing pure equity funds.

Finanstilsynet proposes tightening the residential mortgage lending regulations

8 September 2016

Finanstilsynet replied today to the Ministry of Finance’s letter of 23 June 2016 on the question of retaining or, if appropriate, amending the current residential mortgage lending regulations.

EBA stress test results of European banks published

29 July 2016

The European Banking Authority (EBA) today announced the results of the EU-wide stress test of 51 European banks, including DNB Bank Group. The stress test scenarios cover the period 2016-2018.

Finanstilsynet's Risk Outlook 2016 report

5 July 2016

The English translation of the Risk Outlook 2016 report is now available in PDF.

Reviewed of financial reporting - General Exploration Partners, Inc.

4 July 2016

Finanstilsynet has reviewed the 2014 financial statements of General Exploration Partners, Inc.

Review of financial reporting - Statkraft AS

4 July 2016

Finanstilsynet has reviewed one matter in the financial statements of Statkraft AS that concerns the accounting treatment of power contracts with embedded foreign currency derivatives.

Risk and Vulnerability Analysis 2015

1 July 2016

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

Review of financial reporting – enforcement decision – Agder Energi AS

29 June 2016

Finanstilsynet has reviewed one matter in the financial statements of Agder Energi AS that concerns the accounting treatment of power contracts with embedded foreign currency derivatives.

Finanstilsynet's Annual Report 2015

10 June 2016

The annual report for 2015 is now available.

Risk Outlook 2016

8 June 2016

The oil price fall is making its mark on the Norwegian economy. Activity levels in the oil sector have fallen sharply, and there is substantial overcapacity in oil-related industries. Large parts of the offshore fleet are laid up, and many companies are making workforce reductions. However, ripple effects to the wider Norwegian economy have thus far been limited. Expansionary fiscal policy, low interest rates and a weaker krone exchange rate are helping to maintain activity levels in other...

EBA publishes methodology and scenarios for 2016 EU-wide bank stress test

24 February 2016

The European Banking Authority (EBA) today published its methodology and scenarios for the 2016 EU-wide bank stress test. The stress test covers 51 European banks, among them the Norwegian DNB Bank Group.

Review of financial reporting - BW Offshore Limited

9 February 2016

Finanstilsynet has reviewed certain aspects of the 2014 financial statements of BW Offshore Limited ("BWO"). The review has primarily focused on the company's method for depreciating vessels classified as conversion candidates.

Review of financial reporting – Fred. Olsen Energy ASA

8 February 2016

Finanstilsynet has reviewed certain aspects of the 2014 financial statements of Fred. Olsen Energy ASA (FOE).

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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.