Risk and capital management
The Board of Directors of Sparebanken Vest requires the bank to be well-capitalised – both during periods of economic downturn and periods of economic upturn. The bank shall at all times satisfy the regulatory minimum capital requirements.
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 2018. 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 2018)
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).