Finland: Financial System Stability Assessment Update

September 2, 2010

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International Monetary Fund. Monetary and Capital Markets Department "Finland: Financial System Stability Assessment Update", IMF Staff Country Reports 2010, 275 (2010), accessed November 22, 2024, https://doi.org/10.5089/9781455207732.002

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Summary

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.

Subject: Bank credit, Banking, Commercial banks, Credit, Financial institutions, Income, Loans, Money, Mortgages, National accounts

Keywords: Bank assets, Bank insolvency regime, Banking system, Commercial banks, CR, Credit, Debt service, Financial system, FIN-FSA's power, FIN-FSA's supervision, FIN-FSA's understanding, Funding profile, Global, Income, ISCR, Liquidity crisis, Loans, Mortgages, Parent bank, Resolution framework

Publication Details

Pages:

30
Volume:

2010
DOI:

https://doi.org/10.5089/9781455207732.002
Issue:

275
Series:

Country Report No. 2010/275
Stock No:

1FINEA2010002
ISBN:

9781455207732
ISSN:

1934-7685

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