The Financial Supervisory Authority of Norway

Latest from The Financial Supervisory Authority of Norway

1. Public consultation14 Oct 2026

   EBA proposes targeted changes to simplify joint supervisory decisions on bank capital and liquidity requirements

   • EBA, the EU banking authority, is asking for feedback on new rules for how supervisors agree on capital and liquidity requirements for individual banks. These decisions are made in supervisory colleges, which are groups of supervisors.
   • The proposal is a few targeted changes. They aim to make the process simpler and match how supervision works today.
   BusinessEUPublic administration
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2. Public consultation14 Oct 2026

   AMLA consults on draft rules for a central AML/CFT database; deadline 3 November 2026

   • AMLA is the EU's new authority against money laundering and terrorist financing. It has asked for feedback on draft rules for a shared database. The deadline is 3 November 2026.
   • The power to set up the database comes from Articles 5–11 of the AMLA Regulation (Regulation (EU) 2024/1620), part of the EU's May 2024 anti-money laundering package.
   BusinessEULegislation
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3. Report14 Oct 2026

   Financial Supervisory Authority: Njord Kapitalforvaltning over-weighted investment horizon and gave misleading cost and return information

   • The Norwegian FSA says Njord Kapitalforvaltning AS gave poor investment advice. It put too much weight on how long a client planned to save. This broke the rules on good conduct and on checking what suits the client (§§ 10-9 and 10-15).
   • At the time of inspection, clients wanting very low risk could still be advised to buy unlisted real estate funds and private equity funds (AIFs). This applied if they said they would save for 5–10 or over 10 years.
   BusinessConsumer protection
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4. Report14 Oct 2026

   Finanstilsynet: SpareBank 1 Ringerike Hadeland has well-developed credit control, but unclear default definitions and loss calculations need fixing

   • Main conclusion: The authority thinks the bank mostly manages and controls the risk of lending to businesses well. The board should still look at management and reporting in some areas.
   • Credit guidelines: The bank should make some of its own lending rules clearer. That makes it easier to assess loans well and to follow up when there is good reason to deviate from the rules.
   BusinessConsumer protectionSustainability
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5. Report14 Oct 2026

   Finanstilsynet found material ICT shortcomings at Norse Securities, but remedial measures largely sufficient

   • The Financial Supervisory Authority visited Norse Securities AS in September 2025 and found serious gaps in how it manages and controls its IT operations. The report builds on a preliminary report of 2 June 2026 and the board's reply of 31 August 2026.
   • Strategy: the IT strategy did not set how much risk the firm accepts, and had no goals or indicators. It has now been updated and adopted by the board.
   BusinessCybersecurityDigital infrastructure
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6. Report14 Oct 2026

   Financial Supervisory Authority finds serious deficiencies in ES Revisjon AS' audits, imposes NOK 500,000 penalty

   • The Financial Supervisory Authority fined ES Revisjon AS NOK 500,000 for serious errors in auditing four companies in 2025.
   • The audits showed big gaps in assessing fraud risks and did not follow laws and audit standards properly.
   BusinessLegislationTaxes
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7. Report14 Oct 2026

   Norwegian regulator identifies extensive shortcomings in Marker and Eidsberg Sparebank's AML measures on cash transactions

   • The Norwegian regulator reviewed Marker and Eidsberg Sparebank's efforts to prevent money laundering through cash transactions.
   • They found the bank's assessment of financing of terrorism risk weak and poor routines and monitoring for cash transactions.
   Business
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8. Report14 Oct 2026

   2026 Supervision reveals critical lapses in Dialog Eiendomsmegling AS’s risk management, internal controls, and settlement processes

   • The Financial Supervisory Authority found Dialog Eiendomsmegling missing legally required board meeting notes, which were destroyed during office relocation.
   • In one case, the firm used buyer’s money before legal protections were in place, risking fines starting July 2025.
   BusinessConsumer protectionHousing politics
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9. Report14 Oct 2026

   Finanstilsynet finds BDO AS committed gross breaches of the Auditors Act in going-concern and deferred tax asset audit

   • Finanstilsynet (the Norwegian financial regulator) says audit firm BDO AS broke the Auditors Act in one engagement. It concerned the check of whether the company could keep operating, and of a deferred tax asset. Both breaches are called gross. The report is dated 8 October 2026.
   • The inspection began with a report to the regulator and covered only this engagement. It looked at the acceptance assessment (whether BDO should take the job), going concern, deferred tax asset and inventory. After BDO's reply, the regulator has no major comments on the acceptance assessment.
   BusinessLegislationPublic administration
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10. Statistics13 Oct 2026

    Debt collection cases for consumer debt rose 4.1% and for terminated mortgages 12% in H1 2026

    • At the end of the first half of 2026 there were 691,645 debt collection cases on consumer debt (such as credit cards and consumer loans). That is 4.1% more than a year earlier.
    • There were 6,610 collection cases on terminated mortgages. That is 12% more than the year before. This is far fewer cases than for consumer debt, but the rise is bigger.
    BusinessConsumer protection
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