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Licensing
Information about licences, authorisations and registration
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Supervision
Information about supervisory activity
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Reporting
Information about institutions' reporting to Finanstilsynet
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Laws and regulations
Information about relevant laws and regulations for the areas of supervision
Press release

Finanstilsynet proposes new lending regulations

Finanstilsynet has today sent a consultation document to the Ministry of Finance, proposing new lending regulations. The proposed regulations will replace the residential mortgage lending regulations and the regulations on requirements for financial institutions' lending practices for consumer loans (consumer lending regulations) and include all loans from financial institutions to private individuals. A reduction in the maximum limit for borrowers’ total debt from 5 to 4.5 times gross annual income when granting new loans has been proposed. The flexibility quota for residential mortgages is proposed to be reduced from 10 per cent (8 per cent in Oslo) to 5 per cent. No flexibility quota is proposed for other loans.
Topic

Coronavirus: Information on Finanstilsynet's follow-up

Overview of the information provided by Finanstilsynet (the Financial Supervisory Authority of Norway) on the handling of the coronavirus situation in the financial sector and measures taken.

News

News 21 October 2020

Brexit – operations in Norway after the end of the transition period

After the UK departed from the EU on 31 January 2020, it entered a transition period during which UK undertakings could continue to operate in Norway. The transition period ends on 31 December 2020. Finanstilsynet would like to remind financial institutions, investment firms and other undertakings offering cross-border financial services from the UK or through a branch in Norway to consider necessary measures resulting from the UK's exit from the EU and the EEA. This includes ensuring that they have the necessary authorisations if they plan to continue to operate in Norway after 31 December 2020.
News 17 September 2020

Short sale: Decision by EFTA Surveillance Authority (ESA) and the European Securities and Markets Authority (ESMA)

The EEA-wide decision to temporarily lowering the threshold for reporting net short positions to Finanstilsynet (the Financial Supervisory Authority of Norway) to 0.1 % - has been further prolonged.
Press release 4 September 2020

Weaker profitability in financial institutions in the first half of 2020

The profitability of Norwegian financial institutions declined in the first half of 2020 as a result of the coronavirus crisis. A contraction in economic activity and financial market turbulence led to higher losses for the banks and weaker financial performance for insurers and pension funds. Nevertheless, there was a somewhat more positive trend in the second quarter than in the first quarter.

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