Lars Ekeland is a Specialist Counsel at Wikborg Rein's Oslo office and is part of the firm's Capital Markets practice with specialization in debt capital markets and financial regulatory matters. Ekeland has extensive experience from advising on securities transactions, derivatives, custody, funding, capital requirements and asset management. He also has litigation experience from matters regarding retail investment products. Ekeland has previously worked as a lawyer in DNB Bank ASA and he also has operational experience from DNB's long term funding department. Ekeland holds a master's in applied mathematics and has previously worked with gas and electricity trading in Norsk Hydro ASA.
The CRR and CRD IV enter into force in Norway at year-end while the increase in systemic risk buffer is postponed till end of 2020
The Norwegian Ministry of Finance announced on 5 December that the CRR and CRD IV will (finally) enter into force in Norway on 31 December 2019 and on 11 December the Ministry published a proposal for adjustments to the capital requirements which will enter into force at year-end 2020. The Ministry is satisfied with the overall capital levels in Norwegian banks. The aim of the new measures is to ensure that Norwegian banks maintain their capital levels and that non-Norwegian banks are subject to the same requirements when operating in Norway.