Press releasesPress releases published by Finanstilsynet.https://www.finanstilsynet.no/2023-06-08T08:15:14Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2023/risk-outlook--june-2023/Risk Outlook – June 2023High debt in Norwegian households and elevated residential and commercial property prices represent the key vulnerabilities in the Norwegian financial system. Norwegian banks are particularly vulnerable in a scenario characterised by an economic downturn, a sharp rise in interest rates and a property market crash.2023-06-08T08:15:14Z2023-06-08T08:15:14Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2022/risk-outlook--december-2022/Risk Outlook – December 2022In Finanstilsynet's view, there is a heightened risk of financial instability in the period ahead. The war in Ukraine, the impact of the Covid-19 pandemic and high inflation give rise to considerable economic and financial uncertainty. High debt in Norwegian households and elevated residential and commercial property prices still represent the key vulnerabilities in the Norwegian financial system.2022-12-08T09:15:00Z2022-12-08T09:15:07Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2022/risk-outlook--june-2022/Risk Outlook – June 2022The economies of Norway and several other countries are now characterised by high levels of activity and few available resources. However, the outlook for the global and Norwegian economies is highly uncertain. Supply chain disruptions, partly as a result of the Covid-19 pandemic and the war in Ukraine, have dampened growth prospects and contributed to a sharp rise in global inflation. Central banks in several countries have raised their key policy rates and announced further interest rate increases. Prospects of weaker economic growth combined with persistently high inflation have raised fears of stagflation.2022-06-08T08:26:51Z2022-06-08T09:08:07Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2022/improved-profitability-for-norwegian-financial-institutions-in-2021/Improved profitability for Norwegian financial institutions in 2021Banks, insurers and pension funds delivered a stronger financial performance in 2021 than the year before. For insurers and pension funds, stock market developments had the most pronounced positive impact on profits, while non-life insurers also recorded an increase in profits from insurance business. A significant decline in loan losses from 2020 was the main factor behind the rise in banks' profits.2022-02-28T17:14:57Z2022-02-28T17:14:57Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/risk-outlook--december-2021/Risk Outlook – December 2021The Norwegian and international economies have rebounded, but there is considerable uncertainty about the further path of the pandemic. High household debt and high property prices are the key vulnerabilities in the Norwegian financial system. It is vital that the banks are well capitalised to be able to absorb loan losses and provide loans to creditworthy customers during an economic downturn.2021-12-02T09:00:00Z2021-12-02T09:18:23Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/improved-profitability-in-norwegian-financial-institutions-after-the-first-three-quarters-of-2021/Improved profitability in Norwegian financial institutions after the first three quarters of 2021After the first three quarters of 2021, both banks and insurers show a better performance than in the corresponding period of 2020. For the banks, lower loan losses were the main factor behind the rise in profits. For the insurers, the stock market upturn helped to raise investment income. Non-life insurers also recorded an increase in profits from insurance business.2021-11-29T10:17:00Z2021-11-30T10:17:45Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/improved-profitability-for-norwegian-financial-institutions-in-the-first-half-of-2021/Improved profitability for Norwegian financial institutions in the first half of 2021Both banks and insurers showed a stronger performance in the first half of 2021 than in the corresponding period a year earlier. For the banks, this was mainly due to a significant reduction in loan losses, while the rise in profits for insurers primarily reflected a rise in investment income. Non-life insurers also recorded an increase in profits from insurance business.2021-09-02T12:58:55Z2021-09-02T12:58:55Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/risk-outlook--june-2021/Risk Outlook – June 2021In its Risk Outlook, Finanstilsynet emphasises the importance of banks retaining the strong financial position they have built up in recent years. Developments in the Norwegian economy have been better than feared and better than in many other countries. Although vaccination of the population will contribute to an economic upturn, considerable uncertainty still attends the future path of the pandemic and its impact on the economy. High household debt and high property prices constitute a significant systemic risk. A shock in the form of a sharp rise in international interest rates and higher risk premiums may therefore have a severe impact on the Norwegian economy. It is important that the banks are well positioned to absorb the substantial loan losses that may result from unexpected developments in the financial markets and the real economy.2021-06-02T08:00:28Z2021-06-02T08:00:28Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/lower-profitability-in-financial-institutions/Lower profitability in financial institutions in 2020The Covid-19 pandemic led to weaker results for Norwegian banks and life insurers in 2020 compared with 2019. Powerful government measures helped to mitigate the negative economic consequences of the Covid-19 crisis. Nevertheless, banks' loan losses were at the highest level since the financial crisis, and life insurers and pension funds recorded lower profits. On the other hand, the underlying profitability of non-life insurers improved, reflecting pronounced premium growth and lower growth in claims payments.2021-02-24T12:11:24Z2021-02-24T12:11:24Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/risk-outlook--december-2020/Risk Outlook – December 2020In the Risk Outlook, Finanstilsynet emphasises that banks and insurance companies must factor in the great uncertainty that still attends the future path of the Covid-19 pandemic and its economic impact. Banks’ loan losses have risen as a result of the crisis. However, the increase is moderate thus far and largely refers to oil-related loans. As major parts of the business sector have experienced a significant decline in income, there is a risk that potential losses may be underestimated in banks' loss allowances. High house prices and a high debt burden in the household sector represent significant systemic risk. Despite the crisis, there has been a steep rise in house prices in recent months parallel to stronger growth in household debt, partly driven by record-low interest rates.2020-12-02T09:00:19Z2020-12-02T09:00:19Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/report-on-financial-institutions-performance--1st-3rd-quarter-2020/Report on financial institutions' performance 1st-3rd quarter 2020The outbreak of the coronavirus pandemic has led to weaker results for Norwegian banks and life insurers thus far in 2020. The results were particularly weak in the first quarter and improved in subsequent quarters. The underlying profitability of non-life insurers has improved, reflecting pronounced premium growth and lower growth in claims payments.2020-11-23T07:52:45Z2020-11-23T07:52:45Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/residential-mortgage-lending-survey-2020/Residential mortgage lending survey 2020The residential mortgage lending survey 2020 shows that a large and increasing proportion of new loans secured on residential property (residential mortgages) is taken out by borrowers with high total debt relative to income (debt-to-income/DTI ratio). 45 per cent of the loan volume in this year's survey went to borrowers whose debt exceeds four times annual income. Many borrowers also take out residential mortgages that represent a large share of their property’s appraised value (loan-to-value/LTV ratio). Compared with 2019, 2020 saw a further rise in the proportion of new loans granted to borrowers whose DTI and LTV ratios are both high. The average DTI ratio of borrowers who take out new residential mortgages rose to 338 per cent in this year's survey.2020-11-19T09:47:40Z2020-11-19T09:47:40Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/finanstilsynet-proposes-new-lending-regulations2/Finanstilsynet proposes new lending regulationsFinanstilsynet 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.2020-09-28T08:00:00Z2020-10-06T11:21:54Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/weaker-profitability-in-financial-institutions-in-the-first-half-of-2020/Weaker profitability in financial institutions in the first half of 2020The 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.2020-09-04T11:33:51Z2020-09-04T11:33:51Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/risk-outlook---june-2020/Risk Outlook - June 2020In its Risk Outlook report, Finanstilsynet emphasises the significant economic uncertainty and the strong impact the corona crisis could have on the Norwegian economy. The banks are well positioned to handle increased losses that may arise in the wake of the crisis, but it is important that the capital that has been built up is retained in the banks. This is necessary to enable them to provide new loans to creditworthy customers.2020-06-09T08:15:09Z2020-06-09T08:15:14Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/finanstilsynet-proposes-regulations-on-retention-banks-insurance-undertakings-profits-2019-until-further-notice/Finanstilsynet proposes regulations on the retention of banks’ and insurance undertakings’ profits for 2019 until further noticeIn a letter to the Ministry of Finance, Finanstilsynet has asked the Ministry to adopt regulations that require banks and insurance undertakings not to pay dividends etc. for 2019 until further notice.2020-03-25T06:59:56Z2020-03-25T06:59:57Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2020/coronavirus--follow-up-by-finanstilsynet/Coronavirus – follow-up by FinanstilsynetThe coronavirus outbreak has had a major negative impact on the Norwegian and international economies and caused significant fluctuations in the financial markets. This may affect the financial system in various ways. Finanstilsynet is therefore keeping a close watch on market developments and changes in the risk picture of financial institutions and in the financial infrastructure.2020-03-11T19:39:32Z2020-03-11T19:39:52Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2019/risk-outlook---december-2019/Risk Outlook - December 2019High household debt and high property prices are vulnerabilities posing a significant risk to financial stability in Norway. Many households have a very high debt burden and limited financial buffers. If the level of interest remains low, there is a risk that vulnerabilities will build up in households and firms in the coming years. Political unrest, trade conflicts and Brexit contribute to great uncertainty about developments in the international economy and financial markets. An international setback or new financial turmoil will affect the Norwegian economy and Norwegian financial markets.2019-12-10T09:15:08Z2020-02-11T14:01:34Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2019/residential-mortgage-lending-survey-2019/Residential mortgage lending survey 2019The residential mortgage lending survey 2019 shows a continued increase in the debt-to-income (DTI) and loan-to-value (LTV) ratios of borrowers who take out new instalment loans. Many borrowers have high DTI and LTV ratios, and there was an increase from 2018 to 2019 in the proportion of new instalment loans deviating from the requirements of the residential mortgage lending regulations.2019-11-26T16:04:05Z2020-02-11T13:59:41Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2019/risk-outlook---june-2019/Risk Outlook - June 2019High debt levels and high property prices pose a significant risk to economic and financial stability in Norway. The rise in household debt has for several years outstripped income growth, resulting in a higher than ever debt burden, as measured by the ratio of debt to disposable income. The debt levels of Norwegian non-financial firms, measured as a share of GDP, are also at a historically high level. Prices of residential and commercial properties have risen steeply for several years, especially in the Oslo region.2019-06-04T08:21:41Z2020-02-11T14:02:38Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2019/finanstilsynets-strategy-for-the-period-2019-2022/Finanstilsynet’s strategy for the period 2019-2022Finanstilsynet has adopted a strategy for the period 2019-2022. The strategy formulates goals for the authority’s operations and provides direction during the strategy period, and is therefore an important basis for ongoing prioritisation and management of the authority’s activities.2019-02-27T14:04:57Z2020-02-11T13:53:02Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2018/risk-outlook---december-2018/Risk Outlook - December 2018There is a strong trend in the Norwegian economy. However, high property prices and high and rising household debt levels increase the vulnerability of the Norwegian economy. A strong rise in interest rates, new international financial turmoil or other economic shocks could trigger a sharp fall in property prices and an abrupt slowdown in household demand for goods and services. Profitable and well-capitalised banks are important for the capacity of the Norwegian economy and the financial system to withstand economic and financial shocks.2018-12-05T09:15:05Z2020-02-11T14:00:45Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2018/eba-stress-test-results-of-european-banks-published/EBA stress test results of European banks publishedThe 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 2020.2018-11-02T17:15:15Z2020-02-11T13:45:04Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2018/risk-outlook---june-2018/Risk Outlook - June 2018Growth rates in the global economy and the Norwegianeconomy remain buoyant. Aftera prolonged period of very low interest rates, there is however a risk that financial imbalances have built up. High asset prices and a high debt burden render the economic system vulnerable in the event of a stronger-than-expected interest rate hike and increased risk premiums in the financial markets.2018-06-06T08:15:00Z2020-02-11T14:02:05Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/adoption-of-regulations-on-position-limits-for-commodity-derivatives/Adoption of regulations on position limits for commodity derivativesFinanstilsynet has today adopted regulations on position limits for commodity derivatives traded on a trading venue in Norway and economically equivalent OTC contracts. The regulations will enter into force on 1 January 2018.2017-12-20T13:37:22Z2018-05-15T13:25:37Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/adoption-of-norwegian-regulations-on-supplementary-rules-to-the-mifid-ii-and-mifir-regulations/Adoption of Norwegian regulations on supplementary rules to the MiFID II and MiFIR regulationsFinanstilsynet has today adopted Norwegian regulations on supplementary rules to the MiFID II and MiFIR Regulations.2017-12-20T11:55:57Z2017-12-20T14:13:06Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/adoption-of-regulations-mirroring-mifid-ii-and-mifir/Adoption of regulations mirroring MiFID II and MiFIRFinanstilsynet today adopted two sets of regulations in the securities market area. The regulations mirror the content of MiFID II and MiFIR. Regulations adopted by Finanstilsynet on 9 November 2017 are revoked.2017-12-04T15:24:43Z2017-12-04T15:24:43Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/risk-outlook--november-2017/Risk Outlook – November 2017After a period of weak growth in Norway's mainland (non-oil) economy since the oil price fall in 2014, the cyclical downturn now appears to be over. Low interest rates, a weak domestic currency and expansionary fiscal policy have helped to accelerate the rate of growth in the mainland (non-oil) economy. Unemployment has subsided. High property prices and a high household debt burden render the Norwegian economy vulnerable to an economic turnabout. House prices and households' debt burden are historically high, and also high by international standards.2017-11-29T09:15:01Z2020-02-11T14:03:12Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/implementation-of-mifid-ii-and-mifir-in-norway--temporary-regulations/Implementation of MiFID II and MiFIR in Norway – temporary regulationsFinanstilsynet circulated for comment on 1 September 2017 draft regulations on certain rights and obligations corresponding to parts of the Markets in Financial Instruments Directive(MiFID II) and the Markets in Financial Instruments Regulation(MiFIR). The backdrop to the draft regulations was that MiFID II and MiFIR would not be incorporated in the EEA Agreement by 3 January 2018, which is the date of entry into force of MiFID II and MiFIR in the EU.2017-11-03T07:01:29Z2017-11-03T07:02:04Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/risk-outlook-june-2017/Risk Outlook June 2017Reduced activity levels in oil-related industries after the oil price fall in 2014 have affected other parts of the Norwegian economy, although the contagion effects are thus far limited. There are now signs that activity levels in the mainland (non-oil) economy are picking up.House prices and household debt have risen steeply for many years. House prices and the household debt burden are at unprecedented levels, and household debt is rising significantly faster than household incomes. The vulnerability of the financial system has increased.2017-06-07T08:59:19Z2020-02-11T14:05:31Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2017/morten-baltzersen-reappointed-director-general-of-finanstilsynet/Morten Baltzersen reappointed Director General of FinanstilsynetMorten Baltzersen (56) was on Monday 22 May reappointed by the Council of State to the position of Director General of Finanstilsynet, Norway's financial supervisory authority.2017-05-23T07:27:37Z2017-05-23T08:17:09Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/nytt-regelverk-om-shortsalg-og-rapporteringsplikt/Regulation on short sellingThe Financial Supervisory Authority of Norway ("Finanstilsynet") expects rules similar to Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps, to become effective as of 1. January 2017.2016-12-09T14:27:00Z2019-03-22T13:19:35Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/financial-trends-2016/Financial trends 2016Economic developments in Norway reflect reduced activity levels in the oil sector and in oil-related industries. The oil price fall has brought a marked impairment in the profits and financial position of businesses in oil-related sectors. Several major companies in the offshore industry are in negotiations with creditors to restructure debt. Several of the largest Norwegian banks are exposed to these industries.2016-11-30T14:21:00Z2020-02-11T13:48:10Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/finanstilsynet-proposes-tightening-the-residential-mortgage-lending-regulations/Finanstilsynet proposes tightening the residential mortgage lending regulationsFinanstilsynet replied today to the Ministry of Finance’s letter of 23 June 2016 on the question of retaining or, if appropriate, amending the current residential mortgage lending regulations.2016-09-08T06:59:00Z2020-02-11T13:50:18Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/eba-stress-test-results-of-european-banks-published/EBA stress test results of European banks publishedThe European Banking Authority (EBA) today announced the results of the EU-wide stress test of 51 European banks, including DNB Bank Group. The stress test scenarios cover the period 2016-2018.2016-07-29T06:37:00Z2020-02-11T13:44:15Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/risk-outlook-2016/Risk Outlook 2016The oil price fall is making its mark on the Norwegian economy. Activity levels in the oil sector have fallen sharply, and there is substantial overcapacity in oil-related industries. Large parts of the offshore fleet are laid up, and many companies are making workforce reductions. However, ripple effects to the wider Norwegian economy have thus far been limited. Expansionary fiscal policy, low interest rates and a weaker krone exchange rate are helping to maintain activity levels in other parts of the economy. The oil price fall has mainly affected regions with a large element of oil-related industries.2016-06-08T11:47:00Z2020-02-11T14:04:55Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2016/eba-publishes-methodology-and-scenarios-for-2016-eu-wide-bank-stress-test/EBA publishes methodology and scenarios for 2016 EU-wide bank stress testThe European Banking Authority (EBA) today published its methodology and scenarios for the 2016 EU-wide bank stress test. The stress test covers 51 European banks, among them the Norwegian DNB Bank Group.2016-02-24T12:04:00Z2020-02-11T13:43:42Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2015/financial-trends-2015/Financial Trends 2015The oil price fall is affecting the Norwegian economy. Lower demand from the petroleum industry has resulted in substantially lower activity levels and impaired profitability in industries that deliver goods and services to the petroleum sector. Direct exposures to oil-related industry account for a relatively small portion of Norwegian banks' aggregate lending, but there are differences between banks.2015-11-10T11:42:00Z2020-02-11T13:47:38Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2015/risk-outlook-2015/Risk Outlook 2015The level of debt in Norway is high relative to total production, and has never been higher than at present. Household debt in particular has grown by a wide margin relative to incomes. Concurrently house prices have risen sharply. After briefly levelling off in 2013, house price growth has again gathered momentum.2015-04-22T08:20:00Z2020-02-11T14:04:23Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2015/finanstilsynet-proposes-establishing-requirements-on-residential-mortgage-lending-practices-in-the-form-of-regulations/Finanstilsynet proposes establishing requirements on residential mortgage lending practices in the form of regulationsFinanstilsynet yesterday responded to the Ministry of Finance's letter dated 6 March 2015 concerning household credit growth.2015-03-17T09:11:00Z2020-02-11T13:49:42Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/economic-uncertainty-compounded-by-high-household-debt-and-high-house-prices/Economic uncertainty compounded by high household debt and high house pricesLow unemployment, high wage growth and low interest rates have spurred substantial growth in household debt and incomes in recent years. However, household indebtedness has risen more quickly than incomes, and the ratio of debt to incomes is unprecedentedly high. The high level of household debt renders the Norwegian economy vulnerable to negative shocks.2014-11-04T07:54:00Z2020-02-11T13:46:56Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/eba-stress-test-results-published/EBA stress test results publishedThe European Banking Authority (EBA) today announces the results of the 2014 EU-wide stress test, which also covers the DNB banking group.2014-10-26T07:50:00Z2020-02-11T13:46:21Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/finanstilsynet-tightens-requirements-on-residential-mortgage-models/Finanstilsynet tightens requirements on residential mortgage modelsFinanstilsynet is to impose stricter requirements on the models used by banks to estimate residential mortgage risk. The largest banks use these models to calculate risk weights which determine the capital required to back their mortgage loans. Mortgage risk weights have fallen in recent years while higher house prices and higher household indebtedness have increased the risk present in the mortgage market.2014-07-01T05:55:00Z2020-02-11T13:52:05Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/eba-publishes-methodology-and-baseline-scenarios-for-eu-stress-test-of-banks-in-2014/EBA publishes methodology and baseline scenarios for EU stress test of banks in 2014The European Banking Authority (EBA) today published its methodology and baseline macroeconomic scenarios for the EU-wide stress test of banks in 2014. In Norway the stress test will cover DNB Bank.2014-04-29T05:32:00Z2020-02-11T13:43:09Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/good-results-provide-enhanced-solvency/Good results provide enhanced solvencyA high activity level in the Norwegian economy contributed to good results for Norwegian banks in 2013. Loan losses are still low, but the banks must be prepared for the possibility of increased losses in the next few years. Much uncertainty attends the international economy, which is still affected by financial imbalances. Household debt is growing faster than household incomes, and households will be vulnerable in the event of income decline and higher interest rates. Banks' financial position strengthened in 2013, but Norwegian banks need to further bolster their equity capital position to tackle economic uncertainty and forthcoming regulatory requirements.2014-04-09T12:10:00Z2020-02-11T13:55:34Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2014/control-of-financial-reporting--statoil-asa/Control of financial reporting – Statoil ASAFinanstilsynet - 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.2014-03-11T13:27:00Z2019-03-09T11:46:11Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2013/good-results-at-norwegian-banks-a-sound-basis-for-improved-solidity/Good results at Norwegian banks a sound basis for improved solidityThe Norwegian economy continues to fare well despite slower growth and a slight rise in unemployment. Much uncertainty attends the international economy, which is still marked by financial imbalances. Norwegian banks are well capitalised and profitable but need to further strengthen their capital adequacy to meet higher regulatory requirements and economic uncertainty. The banks are in a good position to increase their equity capital, and strong banks are crucial to the Norwegian economy's ability to withstand a potential setback.2013-11-06T12:39:00Z2020-02-11T13:55:04Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2013/norwegian-economy-on-a-good-trend/Norwegian economy on a good trend and strong bank profits, but international uncertainties and continued high debt growth in the household sectorThe Norwegian economy is faring well, but there are major uncertainties in the international economy. Banks report good earnings, and loan losses are low. This provides a sound basis on which to further bolster financial soundness.2013-04-23T10:01:00Z2020-02-11T13:57:48Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2013/new-mortality-tables-for-collective-pension-insurance/New mortality tables for collective pension insuranceFinanstilsynet has decided that new mortality tables are to be introduced for collective pension insurances written by life insurers and pension funds with effect from 2014 onwards.2013-03-11T10:57:00Z2019-03-09T10:38:25Z