Financial Supervisory Authority of Norway explained

Agency Name:Financial Supervisory Authority of Norway
Nativename:Finanstilsynet
Formed:1986
Jurisdiction:Norway
Headquarters: Oslo, Norway
Region Code:NO
Chief1 Name:Morten Baltzersen
Chief1 Position:Director
Agency Type:Government agency
Parent Agency:Norwegian Ministry of Finance
Website:http://www.finanstilsynet.no

The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) is a Norwegian government agency responsible for supervision of financial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. The agency is located in Oslo and is under the supervision of the Ministry of Finance.

History

It was established in 1986 through a merger [1] of the Bank Inspection Agency, the Broker Control Agency and the Norwegian Insurance Council.

Primary companies supervised by the authority are banks, insurance companies, credit companies, financing companies, pension funds, security companies, stock exchanges, security registries, real estate agencies, debt collection agencies, accountants and auditors.

It was formerly named Norwegian: Kredittilsynet (lit. the Credit Supervisory Authority), but changed its name to Norwegian: Finanstilsynet in December 2009.[1]

See also

External links

Notes and References

  1. Encyclopedia: Kredittilsynet. Store norske leksikon. Norwegian. 24 December 2009.