Ministry of Finance on 26 June a letter to Norges Bank describing the new requirements, writes Dagens Næringsliv.
The Ministry was in January last year, in a report by an expert, recommended introducing more detailed reporting. Jensen’s letter is the first step towards increased reporting.
The new requirements come as a result of Norges Bank management (NBIM), which manages the oil fund, has been criticized for inadequate and selective reporting.
In the letter, the Ministry Norges Bank for advice on how rapporeteringskravene concrete can be designed.
Essentially, it relates to methods and data that provide the basis for reporting risk and return, so that “profit calculations are verifiable and transparent, “as it says in the letter. (© NTB)
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