Finland: Financial Sector Assessment Program: Technical Note-Banking Supervision

January 11, 2017

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Format: Chicago

Finland: Financial Sector Assessment Program: Technical Note-Banking Supervision, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

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.

Subject: Bank supervision, Banking, Covered bonds, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial stability assessment, Liquidity requirements, Loans

Keywords: Bank supervision, Covered bonds, CR, Credit risk, Credit risk, Europe, Financial stability assessment, FIN-FSA approach, FIN-FSA budget, FIN-FSA independence, FIN-FSA report, FIN-FSA resource, FIN-FSA staff, FIN-FSA standard, FIN-FSA's Board, Global, ISCR, Loans, Reinforce FIN-FSA independence, Supervisor-bank dialogue

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/003
Stock No:

1FINEA2017001
ISBN:

9781475564747
ISSN:

1934-7685

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