Risk and capital management

Capital assessments (ICAAP) are therefore carried out at least once a year, and the bank’s capital strategy must be based on the real risk to which the business is exposed supplemented by the effect of various stress scenarios. The bank shall at all times satisfy the regulatory minimum capital requirements.

This document (pdf) describes Sparebanken Vest’s risk and capital management, both in detail for each risk area and overall for 2019. The document is intended to satisfy specific requirements in Part IX of the Capital Adequacy Regulations concerning the publication of financial information (Pillar 3). (See also Pilar III Appendix  Q2 2020)

Guidelines - Publication of financial information Pillar 3 - Basel II

These guidelines (pdf) describe how financial information about Sparebanken Vest is to be made public. The bank`s general policy conserning the publication of financial information follows from section 6 of our principles and policy for corporate governance.

Principles/Policy for Corporate Governance

Sparebanken Vest’s principles and policy for corporate governance are intended to ensure that the bank’s corporate governance is in accordance with generally accepted perceptions and standards and in compliance with laws and regulations.

The principles outline the overriding requirements and are based on the Norwegian Code of Practice for Corporate Governance of 21 October 2010  and the CEBS’s  principles for internal governance, which have been incorporated into the Financial Supervisory Authority of Norway’s module for the evaluation of internal governance.

The Board of Directors of Sparebanken Vest provides a report on the bank’s corporate governance in the annual report for each fiscal year. The report covers every section of the code of practice issued by the Norwegian Corporate Governance Board (NUES).