Strategy

Finanstilsynet aims to promote financial stability and well functioning markets through its supervision of firms and markets. Finanstilsynet’s activities are based on legislation and decisions emanating from the Storting (Norwegian Parliament), the Government and the Ministry of Finance. Its main functions are set out in the Financial Supervision Act section 3.

Finanstilsynet shall ensure that the institutions it supervises operate in an appropriate manner in accordance with law and provisions issued pursuant to law and with the intentions underlying the establishment of the institution, its purpose and articles of association.  

The Board of Finanstilsynet adopted on 24 November 2010 a new strategy for Finanstilsynet in the period 2010–2014.

“The years ahead will bear the imprint of the severest financial crisis the world has seen since the 1930s. Rules and supervision need much improvement in many countries. New international obligations will make demands on Finanstilsynet in terms of regulatory development, reporting, operational supervision and cooperation with other countries’ supervisory bodies. In addition to complying with its new obligations, Finanstilsynet will need to assure the necessary risk monitoring and risk prevention in markets and individual institutions.” (foreword)

Finanstilsynet’s strategy 2010–2014 (pdf)

Finanstilsynet’s main goal is to promote financial stability and well functioning markets.

The main goal is concretised in Finanstilsynet’s strategy through the following eight intermediate goals:

1. Financially sound and liquid financial institutions
2. Good monitoring of risk in the economy and markets
3. Consumer protection through good information and advice
4. Fit and proper management and satisfactory governance at institutions
5. Robust infrastructure ensuring satisfactory payments, trade and settlement
6. Adequate and reliable financial information
7. Good market conduct
8. Effective crisis management