Posts Tagged ‘ Finanstilsynet ’

Proposed mortgage rules positive for Norwegian covered, says Moody’s

Sep 13th, 2016

Tighter mortgage underwriting standards proposed by Norway’s FSA are credit positive for Norwegian covered bonds and banks, Moody’s said yesterday (Monday), highlighting a cap on loan-to-income ratio limits and lower LTV ratios.

Berg joins Danish FSA as director general

Oct 2nd, 2015
Jesper Berg

Jesper Berg joined the Danish FSA (Finanstilsynet) from Nykredit yesterday (Thursday) as its new director general.

Norwegian mortgage standards, CCB more stringent as rates eased

Jun 18th, 2015
Siv Jensen

Norwegian residential mortgage lending regulations will be tightened and the countercyclical buffer (CCB) for banks increased to 1.5%, the Ministry of Finance announced this week, while Norges Bank cut its key policy rate by 0.25% today (Thursday).

Mortgage diamond clamps down on ARMs, IOs

Sep 19th, 2014
Finanstilsynet Danish FSA sign edit

The Danish FSA (Finanstilsynet) set out proposals for a “Supervisory Diamond” for Denmark’s mortgage credit institutions on Thursday of last week (11 September) that aims to reinforce the Danish industry’s systemic stability, including moves away from one year ARMs and interest-only (IO) loans.

Stronger underwriting seen as boosting Norwegian pool quality

Dec 12th, 2013

Norwegian banks have strengthened their credit underwriting standards, according to a survey by the Norwegian Financial Supervisory Authority (Finanstilsynet), Moody’s noted yesterday (Wednesday), saying this is leading to an overall improvement in the credit quality of covered bond collateral.

SIFI status credit positive for eight Norwegians

Nov 14th, 2013

Moody’s considers a framework for systemically important financial institutions (SIFIs) proposed by Norway’s Financial Supervisory Authority last week to be credit positive for eight financial institutions designated SIFIs.

Moody’s cites Norway mortgage relaxation threat

Nov 7th, 2013
Norwegian ministry of finance

The new Norwegian government followed up on a pre-election pledge to ease mortgage standards by asking the country’s FSA to examine lending practices on Tuesday of last week (29 October), and Moody’s said on Monday that any loosening would be credit negative for Norwegian banks and covered bonds.

Moody’s says Norway FSA risk weight plan positive

Mar 14th, 2013

A proposal by the Norwegian Financial Supervisory Authority (Finanstilsynet) to tighten risk weights for residential mortgages is credit positive as it would press Norwegian banks to further strengthen their capital bases, Moody’s said on Monday.

FSA backs case-by-case stance, Norges opposes bank licences

Mar 7th, 2013

Norway’s FSA appears to have come out in favour of a bank-by-bank approach to assessing risks associated with covered bond issuance, according to feedback given to the ministry of finance, while Norges Bank has opposed giving covered bond companies regular access to its liquidity facilities.

Norwegian challenges possible on covered limit, says Moody’s

Oct 25th, 2012

Any shift to more unsecured funding prompted by possible restrictions on covered bond issuance by the Norwegian FSA could prove challenging, Moody’s cautioned on Monday, although it said such a move could benefit senior bondholders.