Mifid II rules banning commission payments have led to some DKK311bn (€41.7bn) of assets shifting to so-called ‘clean funds’ according to analysis published by the Danish Financial Supervisory Authority (Finanstilsynet). However, while commission payments may have fallen by around DKK1.6bn (€214m) as a result of Mifid II, end customers have not necessarily benefitted from a […]
A working group under the leadership of the Danish FSA (Finanstilsynet) is considering whether or not to ban commission for advice on financial products such as funds as part of the local implementation of aspects of Mifid II. The working group includes representatives of the Danish Investment Fund Association (IFB), the Danish Bankers Association (Finansrådet), […]
The Danish Investment Fund Association (IFB) has responded to comments on active share and tracking error contained in the latest annual report from the Danish FSA, which includes analysis from the regulator on the degree to which actively managed funds may actually be considered ‘passive’ in light of their performance versus benchmark indices. According to […]
Norway’s government has decided to demand greater capital buffers of DNB Bank, Nordea Bank Norge and Kommunalbanken following the implementation of a rule affecting financial institutions with assets equivalent to 10% or more of mainland Norway’s GDP.
Finanstilsynet, the Danish FSA, has said that local banks remain strong after the European Banking Authority published the final results of its EU-wide capital exercise.
Swedish regulator Finansinspektionen has followed up its Norwegian counterpart Finanstilsynet in announcing that Norway’s Acta Asset Management has lost its authorisation to conduct securities business.
Fears of a runaway house price bubble has forced the Financial Supervisory Authority of Norway (Finanstilsynet) to announce proposals limiting access to funding by imposing a higher minimum loan to value ratio of 85%.
A new funds law is being welcomed as a way to make the domestic industry more efficient, and to open up export potential.