![]() ![]() On 24 October 2008, the Norwegian Parliament granted the Ministry of Finance the authority to put into effect an arrangement where Norwegian banks could “swap” covered bonds with treasury bills. Only mortgage companies with special authorisation can issue covered bonds in Norway, and these bonds have been issued since June 2007. An example of changes in data series is that Credit lines secured on dwellings became a new specification from January 2006 and was partly deducted from repayment loans secured on dwellings.Ĭovered bonds are bonds conferring a preferential claim over a cover pool consisting of public sector loans and loans secured on dwellings or other real property. There was also a breach in the time series on loans in 1992 due to changes in accounting rules.Ĭhanges in the presentation of the statisticsĭata specifications are updated continuously. Which led to a small change in the measuring of the value of loans and guaranties in the accounting data and thereby to a small breach in the time series for loans and loan loss provisions. The IFRS-adapted regulation on loans was introduced 1. Major changes will be commented upon in the current statistics publication. Many of these structural changes have no significant impact on the statistics, while others lead to breaches in the time series. ![]() There are several new companies, acquisitions, mergers, spin-offs, reclassifications and portfolio movements every year. Structural changes in the financial sector Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the financial institutions. The accounting statistics for financial institutions is based on current accounting regulations for financial institutions.
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