Norway's Department of Finance has published a letter from the finance minister to the European Commissioner for Financial Services and the Savings and Investments Union in response to the European Commission's ongoing review of banks' operating framework. The letter welcomes simplification of the regulatory framework, but argues that any changes should maintain strong banks and preserve the resilience of the banking system in an uncertain environment. The department also notes that it submitted answers in April to selected questions in the Commission's recently completed consultation. The release makes available both the minister's letter and the department's consultation response.
Department of Finance (Norway) 2026-05-07
Norway's Department of Finance backs simpler EU bank rules while stressing banking system resilience
The Norwegian Department of Finance has published a letter from the finance minister to the European Commissioner for Financial Services and the Savings and Investments Union in response to the European Commission’s review of banks’ operating framework. The letter welcomes simplification of the regulatory framework but stresses that changes must maintain strong banks and preserve banking system resilience, and the department has also released its April responses to questions in the Commission’s consultation.