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
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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.
Series:
Country Report No. 2001/214
Subject:
Banking Credit Financial institutions Financial markets Financial sector policy and analysis Financial stability assessment Insurance Insurance companies Money Payment systems
English
Publication Date:
November 21, 2001
ISBN/ISSN:
9781451813203/1934-7685
Stock No:
1FINEA0022001
Pages:
58
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