[Press release 12/2013]
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.
[Press release 3/2013]
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.
[Press release 30/2012]
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...
[Press release 28/2012]
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.
[Press release 12/2012]
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.
[Press release 13/2012]
13 April 2012
Finanstilsynet withdrew Acta Asset Management's licences to provide investment services on 12 April 2012.
[Press release 6/2012]
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.
[Press release 3/2012]
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.
[Press release 1/2012]
24 February 2012
Finanstilsynet notified Acta Asset Management AS by letter of 3 February 2012 that it is considering withdrawing all the latter's licences to provide investment services under the Securities Trading Act. Acta Asset Management AS is wholly owned by the stock exchange listed company Acta Holding ASA.
[Press release 45/2011]
8 December 2011
The European Banking Authority (EBA) today published a recommendation, and final figures, related to banks' recapitalisation needs based on new, higher requirements. This is done to maintain stability and confidence in the markets.
[Press release 42/2011]
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.
[Press release 38/2011]
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.
[Press release 37/2011]
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...
[Press release 32/2011]
15 August 2011
Morten Baltzersen takes up duties as Director General of Finanstilsynet on Monday 15 August.
[Press release 30/2011]
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.
[Press release 29/2011]
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.
[Press release 11/2011]
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.
[Press release 10/2011]
10 March 2011
The home mortgage loan survey conducted in autumn 2010 shows a decline in loans with a high loan-to-value ratio. The survey covered the 30 largest banks, accounting for some 85% of aggregate home mortgage loans in Norway.
[Press release 12/2011]
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.
[Press release 39/2010]
4 October 2010
Norwegian banks are already broadly in compliance with the basic Tier 1 capital requirement of 6 per cent. This is because Norway has imposed stricter regulation in some areas than other countries and because the banks have devoted their creditable profit performances to strengthening their equity capital positions. However, the new additional requirement of a capital conservation buffer of 2.5 per cent over and above this with effect from 2016-2018 will entail a new obligation for banks in...