The Standing Committee on Finance is reviewing the government's proposal to amend the central bank law, which addresses Norway's central bank's role, the state's access to credit, and eligibility rules for board members. The committee largely endorses the proposals but some parties have submitted amendments calling for studies of the central bank's independence and alternative state financing sources.
AI-generated summary · Model: Claude Haiku 4.5 · Generated: 14 May 2026
These are the proposals in the document, not decisions. See the votes for the outcome.
Section 1-11 shall read: § 1-11. Management of the Government Pension Fund Global. The provisions in §§ 1-2 to 1-7 and 1-9 to 1-10 do not apply to the management of the Government Pension Fund Global insofar as this task is delegated to Norges Bank under the Government Pension Fund Act § 3 second paragraph and § 10 first paragraph, or in the appointment of the chief executive of the bank's management of the Government Pension Fund Global, cf. § 2-13 first paragraph.
Section 1-12 second paragraph shall read: (2) The provisions in §§ 3-5 and 3-6 apply in Svalbard, cf. the Svalbard Act § 3.
Section 2-3 fourth paragraph letters d to j shall read: d. political advisers in the Office of the Prime Minister and in the ministries e. civil servants in the Office of the Prime Minister and in the Ministry of Finance f. other employees in the Office of the Prime Minister and in the ministries g. members of parliament h. political advisers to parliament i. committee secretaries in parliament j. relatives in direct line of descent or ascent, spouses, registered partners and cohabitants of persons mentioned in letters a to e and g.
Section 2-6 third paragraph letters d to j shall read: d. political advisers in the Office of the Prime Minister and in the ministries e. civil servants in the Office of the Prime Minister and in the Ministry of Finance f. other employees in the Office of the Prime Minister and in the ministries g. members of parliament h. political advisers to parliament i. committee secretaries in parliament j. relatives in direct line of descent or ascent, spouses, registered partners and cohabitants of persons mentioned in letters a to e and g.
Section 3-8 shall read: § 3-8. Credit to the state (1) Norges Bank may not extend credit directly to the state. The bank may, however, extend credit to the state with a maturity within a single calendar day. (2) The first paragraph first sentence does not prevent Norges Bank from extending credit with a duration of up to 90 days upon an order from the King in Council when borrowing has been decided under the Government Pension Fund Act § 7 third paragraph second and third sentences and other financing sources are difficult to access. The bank shall be given an opportunity to comment before a decision is made. Such decisions shall be reported to the Storting as soon as possible.
Section 4-1 fourth paragraph letter f shall read: f. any special remarks that supervision may give grounds for, including any disagreements about assessments or factual matters between the board and the representative body.
Section 5-3 second paragraph first sentence new letter d shall read: d. The Population Registry
Section 5-3 third paragraph first sentence shall read: Information required under the first and second paragraphs may be provided notwithstanding statutory confidentiality obligations under the Financial Undertakings Act, the Estate Agency Act, the Payment Systems Act, the Securities Trading Act, the Securities Centre Act, the Tax Administration Act, the Accounting Act, the Bankruptcy Act, the Labour and Welfare Administration Act and the Population Registry Act.
The Storting calls on the government to study an amendment to the central bank law that would prevent the appointment to the board and the committee for monetary policy and financial stability of persons whose background or connections could undermine confidence in the bank's independence.
The Storting calls on the government to study whether the state's liquidity needs in crisis situations can be met through means other than credit from Norges Bank.