Finland: Financial sector Assessment Program: Technical Note-Macroprudential Policy Framework

January 11, 2017

Preview Citation

Format: Chicago

Finland: Financial sector Assessment Program: Technical Note-Macroprudential Policy Framework, (USA: International Monetary Fund, 2017) accessed December 21, 2024

Summary

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.

Subject: Banking, Financial institutions, Financial sector policy and analysis, Loans, Macroprudential policy, Macroprudential policy instruments, Systemic risk, Systemic risk assessment

Keywords: Baltics, Banking sector, CR, FIN-FSA decision-making power, FIN-FSA director general, FIN-FSA's Board, FIN-FSA's expertise, FIN-FSA's mandate, ISCR, Loans, Macroprudential policy, Macroprudential policy instruments, Systemic risk, Systemic risk assessment

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/005
Stock No:

1FINEA2017003
ISBN:

9781475564914
ISSN:

1934-7685

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