Norwegian FSA slams Nasdaq Oslo following trader's collapse

In an investigation into the huge losses sustained by trader Einar Aas on energy trades, Nasdaq Oslo faces criticism for letting others trade in his name.

The Norwegian financial supervisory authority (FSA) has strongly criticized Nasdaq Commodities Oslo after the watchdog found in an investigation of the financial collapse of trader Einar Aas in September last year that others have traded through Aas' membership of the exchange.

The supervisory authority mentions no names, but Norwegian business daily Dagens Næringsliv reports that some of the people in question are prominent energy traders Grunde Thorsen and Åsmund Haugsvær.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch