Looking for a specific product?

Make a search for products & suppliers, articles & news.

Consultation on the calculation of risk-weighted assets

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.

 

Related news

Latest news

SAR Celebrates 2nd anniversary in Kuwait

SAR Celebrates 2nd anniversary of operation in Kuwait.

SAR AS Celebrates 30 years of operation!

The history of SAR goes 50 years back to the late 1960s with the company Septik Tank Co. 

Ready to conquer the world with Hansen Protection Helicopter pilot suits

In 2017, for the first time in the history of helicopter sport, the World Cup in Helicopter Races is going to be held. It is going to take place in 7 countries, and starts on Friday April 7th in Konakovo, Russia.

SeaBass Fisherman's Work / Flotation Suit

SeaBass is a waterproof, buoyant work suit for anyone working on or around water.

Improved Surface Rescue Preparedness can Save Lives

A significant part of the Norwegian fire and rescue services lack good apparel for use in surface rescue operations. This can mean the loss of valuable time in rescue operations in water, and experts now call for a change ...

Historical contract for Norwater AS!

The excitement was at its height at Norwater AS in Høylandsbygd on Wednesday last week. The company signed its biggest contract in history, in strong competition with both Norwegian and foreign competitors. The order book ...

Export Credit Norway Finances Production of Ready-to-use Therapeutic Foods in South Africa

Since being founded in 1948, the Norwegian company GC Rieber Compact has developed into a leading supplier of ready-to-use therapeutic foods to customers such as Doctors Without Borders, the Red Cross, the World Food Progr...

Peru Corporate Day

On 26th September, Oslo Chamber of Commerce will for the first time receive a technological business delegation from Peru to Norway, led by PROMPERÚ.

New contract for delivery of Servogear CPP

The Servogear installation includes CPP propellers,