Download or read book FINNISH BANKING LEGISLATION written by Bank of Finland and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finland written by International Monetary and published by International Monetary Fund. This book was released on 2023-02 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Sector Assessment Program (FSAP) conducted a focused review that primarily assessed banking regulation and supervision of Finland’s less significant institutions (LSIs).1 LSIs account for around 16 percent of Finland’s banking sector and the regulation and supervision of the rest of the banking sector takes place within the European Central Bank’s (ECB) Single Supervisory Mechanism (SSM). The Finnish Financial Supervisory Authority (FIN-FSA) is under the oversight of the ECB, responsible for the supervision of LSIs.
Download or read book Deposit Bank Act written by FINLANDIA [Leyes, etc., bancarias] and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As from 1.1.1991 new banking laws entered into force in Finland, among others the Deposit Bank Act and the Commercial Bank Act. The Deposit Bank Act that applies to all banks operating in Finland includes provisions on banking business, liquidity and solvency, customer protection and safeguarding of competition, and security fund obligatory for banks. The core of the Act consists of provisions concerning solvency. The provisions introducing higher requirements compared to the previous law and a new determination of solvency are based on international model issued by European Community which for its part is similar to the recommendation given by Bank of International Settlements (BIS). While the operational provisions are included in the Deposit Bank Act, The Commercial Bank Act, and other laws for different banking groups respectively, regulate establishment, administration, audit, merger, liquidation an disolution of a Finnish bank. (ubf) (lfi|8) (BANKS) (REGULATION) (FINLAND).
Download or read book Finland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-01-12 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program (FSAP) for Finland in the area of banking supervision. The regulatory and supervisory framework for liquidity and funding risk has improved since the last FSAP, but certain vulnerabilities persist and require greater attention. Finnish banks continue to rely extensively on wholesale funding, as noted in the 2010 FSAP. Although supervisory action has managed to mitigate the problem, many banks remain heavily exposed to the risk of a dry-up of unsecured wholesale funding. Also, banks hold covered bonds issued by other banks as part of their liquidity buffer.
Download or read book Finland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-11-21 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finland has a very sound financial system. Finland is at the forefront of electronic banking and financial sector consolidation. Arrangements for crisis prevention and management need to balance the conflicting goals of minimizing moral hazard and providing adequate safety nets in the financial system. There are some deficiencies as regards compliance with certain of the banking supervision and securities standards. In view of the advanced stage of development of Finland's financial system, supervisory arrangements will need to meet and even exceed international standards.
Download or read book Finland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-01-12 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Finland in the area of macroprudential policy framework. The Finnish authorities regularly coordinate and collaborate with international bodies on macroprudential policy. Several macroprudential instruments were formally introduced in the legislation and activated recently. The 2014 Act on Credit Institutions implements macroprudential instruments, including those set out in the European Capital Requirement Directive. Despite the important progress made, there are some improvements that should be considered. The macroprudential policy toolkit should be expanded. The systemic risk buffer should be added to the toolkit, although its activation and level may still need further analysis.
Download or read book Legislation Investor Protection and Financial Growth in Finnish written by Elina Rainio and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finland written by International Monetary and published by International Monetary Fund. This book was released on 2023-01-23 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finland has further improved the regulation and supervision of its financial sector since the 2016 FSAP, in part driven by European legislation and institutions. The size of the banking sector increased significantly in 2018 with the redomicilation of Nordea. Finland weathered the COVID-19 pandemic well relative to other economies, with fiscal support and interventions from the authorities. However, Finland is now navigating a weaker economic outlook given the war in Ukraine and ensuing energy crisis, despite limited direct financial exposures to Russia.
Download or read book Payment System Risks in Finland and the Need for Regulation and Supervision written by Harry Leinonen and published by . This book was released on 1998 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Download or read book Currency Acts and Regulations for the Bank of Finland written by and published by . This book was released on 1967 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Finnish Banking Crisis and Its Handling written by Peter Nyberg and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-09-02 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Finnish financial sector has weathered during the global crisis. Banks’ capital buffers were sufficient, but liquidity and credit risks required monitoring. The study assessed that there is a need for strong crisis management framework. It is found that an evaluation of Deposit Guarantee Fund (DGF) using Core Principles for Effective Deposit Insurance Systems would support reform efforts. Banking supervision is robust, and follows relevant EU Directives and the Basel Core Principle (BCP) for Effective Banking Supervision closely. The Financial Supervisory Authority (FIN-FSA) has implemented the 2001 Financial Sector Assessment Program (FSAP) recommendations, but challenges remain.
Download or read book The Framework of the Bank of Finland s Monetary Policy written by Heikki Valvanne and published by . This book was released on 1965 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulation and Control of Payment System Risks written by Timo Iivarinen and published by . This book was released on 2003 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Download or read book Regulation and Control of Payment System Risks written by Timo Iivarinen and published by . This book was released on 2003 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Download or read book Finland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2016-12-08 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Financial System Stability Assessment concerning Finland. It reveals that Finland’s banking system remains well capitalized and profitable. Although low interest rates have squeezed net interest income, banks have increased income from trading and insurance and reduced cost-income ratios, helping to maintain profitability. Nonperforming loans have remained low and capitalization ratios are well above requirements, though buffers may be exaggerated by the aggressive use of risk weights. The Net Stable Funding Ratio suggests that vulnerabilities from maturity mismatches are limited in aggregate. Nevertheless, previously identified vulnerabilities remain, and some have increased.
Download or read book Central Banking Legislation Volume 2 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-08-22 with total page 960 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the central banking, monetary, and banking laws for 17 countries in Europe, an area where many of the techniques that are now universally used in regulating or controlling the supply of money and credit were developed. The complete text of the basic central bank law of each country is given, as well as the by-laws of the central bank where they supplement major provisions of the basic law, and subsidiary legislation where pertinent. General banking laws are in most instances presented in summary form.
