Norwegian economy on a good trend and strong bank profits, but international uncertainties and continued high debt growth in the household sector

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.

New mortality tables for collective pension insurance

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.

ESMA announces enforcement enforcement priorities for 2012 financial statements

ESMA (The European Securities and Markets Authority) has published a set of priority issues to be used by EU national competent authorities in assessment of listed companies 2012 financial statements.

Norwegian status on implementation of Short Selling Regulation (No 236/2012)

Norwegian financial industry well positioned to meet international turbulence

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...

Follow up of EBA plan for recapitalisation of European banks

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.

The Financial Supervisory Authority of Norway has signed a Memorandum of Understanding with the Reserve Bank of India

A Memorandum of Understanding (MoU) has been established between Finanstilsynet and The Reserve Bank of India on the supervision of banks.

Finanstilsynet withdraws Terra Markets' licences to provide investment services

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.

Finanstilsynet withdraws Acta Asset Management's licences to provide investment services

Finanstilsynet withdrew Acta Asset Management's licences to provide investment services on 12 April 2012.

Risk outlook 2012: Many households vulnerable if interest rates increase

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.

Finanstilsynet to use Oslo Børs announcement system

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.

Finanstilsynet warns of possible withdrawal of Acta Management Asset Management AS's licences

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.

Financial market trends and challenges

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.

Pension funds - annual financial reporting 2011

Circulars issued in 2011 and an overview of removed circulars

Reporting – annual report and financial statements 2011

New members join Expert Panel on Accountancy

The Ministry of Finance has appointed Kjell Magne Baksaas, Nina Rafen and Geir Moen as new members of the Expert Panel on Accountancy. Roar Inge Hoff and Reidar Jensen are appointed as alternates. Aase Aa. Lundgaard was reappointed as a member.

Index regulation pursuant to section 5 of "Regulations on minimum capital requirements for Norwegian insurance companies"

Regulatory development – EEA

On 19 January 2012 Finanstilsynet sent the Ministry of Finance an overview of relevant EEA legislation expected to come into force in the period 2012-2015.

Finanstilsynet supports the EBA's plan for recapitalisation of European banks

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.