External organization | subordinate agency | Ministry of Finance
The Financial Supervisory Authority of Norway (Finanstilsynet) supervises banks, insurers, finance companies, investment firms, markets for financial instruments, securities depositories, estate agents, e-money institutions, auditors and accountants, etc. Finanstilsynet's remit is to promote financial stability and well-functioning markets through its supervision of institutions and markets.
Finanstilsynet examines the management and control procedures established by institutions and reviews their financial reporting and documentation. When dealing with matters pertaining to the financial markets, the Ministry routinely consults Finanstilsynet before a decision is taken.
Each year Finanstilsynet files a report on its activities with the Ministry of Finance. The report is submitted to the Storting by the Ministry of Finance in an annual financial markets report (white paper). Finanstilsynet's expenditures are covered, in their entirety, by the supervised institutions, as well as by a number of fees and charges.
Finanstilsynet's staff numbered 270 at the end of 2016. Its budget for 2017 is NOK 361.9 million.
Web page: http://www.finanstilsynet.no/en/