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The Ministry of Finance has today issued a public consultation on draft proposals for four new sets of rules that are possible alternatives to the current backstop on the level of risk-weighted assets (the so-called Basel I floor). An important consideration is that a possible new system should not lower the sum of risk-weighted assets compared with the level following from the current rules, including the Basel I floor.
The Ministry of Finance announced in the National Budget 2013 that the Ministry would look into IRB banks' use of models to calculate capital adequacy requirements. The Ministry is considering the possibility of introducing a new system to replace the current backstop on risk-weighted assets (the Basel I floor). If the Ministry is to abolish the current Basel I floor rules, it is important to find a level for the banks' risk weights that does not weaken the capital adequacy requirements for banks using the IRB approach. Finanstilsynet (the Financial Supervisory Authority of Norway) has been commissioned to look into possible measures to strengthen banks' IRB models; cf. a letter of 14 December 2012 from the Ministry. The Ministry received Finanstilsynet's assessment on 4 March 2013.
Based on Finanstilsynet's assessment, the Ministry of Finance has prepared draft proposals for four new sets of rules, each of which are possible alternatives to a continuation of the Basel I floor arrangement. The Ministry refers to the enclosed consultation letter and paper, as well as Finanstilsynet's assessment of 4 March 2013.
Pentair and Stahl Tranberg had their first customer event presenting both companies heat tracing solutions for customers.
The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...
At the end of January, the GSO (Gulf Standards Organization) arranged the first meeting with the present group of 23 Notified Bodies. These Notified Bodies are authorised by GSO to certify the electrical products as curren...
During the spring thaw period in Sweden, many small roads are closed to traffic despite the fact that they are fit for use. The BiFi research project has analysed the roads’ bearing capacity in real time using Internet-con...
Small children with low levels of vitamin B12 had more difficulties solving cognitive tests, such as the ability to do puzzles, recognize letters and interpret other children’s feelings.
Register for this year’s most important conference for Norwegian exporters. We can promise you an interesting and inspirational day!
Elkem Silicon Metrials invites to meet their team at the Ceramics Expo 2017. This is North America’s largest, free-to-attend exhibition for Ceramic manufacturing and applications.
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