Norway to demand tighter compliance on consumer loans -finance minister

Morrow Bank ASA

19/06/2018 10:42

OSLO, June 19 (Reuters) - Norway's Financial Supervisory
Authority (FSA) should require tighter compliance with rules
restricting consumer loans, the finance minister said on
Tuesday.
    "I have today asked the FSA to propose specific directions
regulating consumer loans," Siv Jensen told a news conference.
    Tighter regulations would make it easier for the FSA to
impose sanctions on lenders that do not comply with current
rules.
    The non-mortgage banking sector has seen rapid growth in
recent years, leaving many borrowers with high debts.

 (Reporting by Camilla Knudsen, writing by Terje Solsvik,
editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))