IMF Staff Country Reports

Finland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Financial Policy Transparency, Banking Supervision, Insurance Supervision, Securities Regulation, and Payment Systems

November 21, 2001

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International Monetary Fund. Monetary and Capital Markets Department "Finland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Financial Policy Transparency, Banking Supervision, Insurance Supervision, Securities Regulation, and Payment Systems", IMF Staff Country Reports 2001, 214 (2001), accessed December 22, 2024, https://doi.org/10.5089/9781451813203.002

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Summary

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.

Subject: Banking, Credit, Financial institutions, Financial markets, Financial sector policy and analysis, Financial stability assessment, Insurance, Insurance companies, Money, Payment systems

Keywords: Baltics, Banking system, Capital adequacy ratio, Cash settlement, Central bank, CR, Credit, Financial stability assessment, Financial system, Holding company, Insurance, Insurance companies, Internal audit, Investment strategy, ISCR, Monetary policy, Payment systems, Private sector, Process, Return on equity, Rule

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