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Finanstilsynet's methodologies for assessing risk and capital needs

Finanstilsynet's methodologies for assessing risk and capital needs

Circular

Published: 26 July 2016
Last updated: 4 September 2020
Document number: 12/2016

Finanstilsynet has updated three appendices and added two new appendices to circular 12/2016. The main document (the circular) is unchanged, apart from some updated references to laws and regulations.

This circular letter is no longer valid

The current circular letter is:

Finanstilsynet's practices for assessing risk and capital needs

Circular 12/2016:

  • Finanstilsynet's methodologies for assessing risk and capital needs (pdf)
  • Appendix 1A: ICAAP process – general framework (pdf)
  • Appendix 1B: Documentation of ICAAP and ILAAP (pdf)
  • Appendix 1C: Form – ICAAP overall capital needs – banking and finance (pdf)
  • Appendix 1C: Form – ICAAP overall capital needs – banking and finance (docx)
  • Appendix 1D: Form – ICAAP overall capital needs – securities market (pdf)
  • Appendix 1D: Form – ICAAP overall capital needs – securities market (docx)
  • Appendix 2: Pillar 2 capital needs for credit risk (pdf)
  • Appendix 3: Pillar 2 capital needs for market risk (pdf)
  • Appendix 4: Capital needs – Pillar 2 – insurance undertakings (pdf)
  • Appendix 5: Use of stress tests (SREP) and Pillar 2 capital guidance (P2G) (pdf)

This circular is applicable to:

Banks
Mortgage companies
Finance companies
Financial holding companies
Investment firms
Management companies offering portfolio management
Alternative investment fund managers offering portfolio management
Institutions covered by the consolidation requirement under the Securities Trading Act, Section 9-21


Editorial note 09.10.2019: The following appendices are updated:

  • Appendix 1B: Documentation of risk profile and capital needs (ICAAP) and liquidity and funding risk (ILAAP)
  • Appendix 2: Finanstilsynet's assessment of the Pillar 2 capital needs for credit risk
  • Appendix 3: Finanstilsynet's assessment of Pillar 2 capital needs for market risk

The following appendices are new:

  • Appendix 4: Finanstilsynet's assessment of capital needs under Pillar 2 related to ownership in insurance undertakings
  • Appendix 5: Finanstilsynet’s use of stress tests when assessing financial institutions’ risk levels and capital needs (SREP) and the Pillar 2 capital guidance (P2G)

Contacts

Banks, finance and mortgage companies – general questions

May Camilla Bruun-Kallum

Tel: +47 22 93 99 35

Email

Capital needs – ownership in insurance and use of stress tests (Appendices 4 and 5)

Jon S. Hellevik

Tel: +47 22 93 99 65

Email

Securities firms

Nicole Gola

Tel: +47 22 93 98 11

Email

Management companies and AIF managers

Jaan-Herluf Steenberg

Tel: +47 22 93 98 77

Email

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