Finanstilsynet's review of financial reporting in 2018

EBA stress test results of European banks published

The European Banking Authority (EBA) today announced the results of the EU-wide stress test of 48 European banks, including DNB Bank ASA. The stress test scenarios represent a serious economic setback and cover the period 2018 to 2020.

Finanstilsynet adjusts position limits for the commodity derivative German Power due to the bidding zone split of the German-Austrian power market

The German and Austrian energy regulators have decided to split the single German-Austrian bidding zone for electricity into two national bidding zones as from 1 October 2018.

Nasdaq Clearing AB – default of clearing member

This notice concerns a breach of margin requirements related to the clearing of contracts for Einar Aas, a member of Nasdaq Clearing AB, which is a central counterparty for the clearing of derivative contracts. The company is under the supervision of the Swedish financial supervisory authority (Finansinspektionen).

Control of financial reporting – Statoil ASA

Finanstilsynet - The Financial Supervisory Authority of Norway - has reviewed certain aspects of the 2012 consolidated financial statements of Statoil ASA ("Statoil"). The review focuses on key elements of Statoil's principles for impairment testing, as well as assets and activities presumed to be affected by the shale revolution in the USA.