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 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)