Banking and finance

Finanstilsynet and other Norwegian authorities require frequent reporting from banks licensed in Norway.

The reporting enables verification of compliance and provides data needed by Finanstilsynet to conduct analyses – of the financial market as a whole and/or of the individual bank. Statistics Norway, Norges Bank (the central bank) and Finanstilsynet have coordinated some of the reporting requirements imposed on banks.

• Further information on reporting obligations (in Norwegian only)

Where a bank does not comply with reporting deadlines, Finanstilsynet may impose a daily violation charge until the reporting requirements are complied with; see the Financial Supervision Act, section 10, second subsection.

• Financial Supervision Act
• Norwegian: Lov om tilsynet med finansforetak mv. (finanstilsynsloven)